Provided magma flow in a partially molten layer follows Darcy's law of flow in porous media. it can be demonstrated that magma in the proposed magma layer beneath Iceland flows towards regions of reduced crustal thickness. In these regions, magma accumulates to form partially molten magma reservoirs, which are thus located in the magma layer. These reservoirs either give rise to surface eruptions or feed totally molten shallow magma chambers, located in the crust, that may erupt. It is argued that the melt fraction varies throughout a reservoir, being highest near the top where the reservoir may be totally molten, but that the average is 0.25. It is concluded that for individual eruptions the reservoirs behave, on the whole, as a poroelastic material. It is suggested that formation of crustal magma chambers is facilitated by the occurrence of stress barriers that lead t o the formation of thick sills. While liquid, such sills absorb the magma of all dykes that enter them and may evolve into magma chambers. Ideal sites for stress barriers, and thus for magma chambers, are formations where individual layers have different elastic properties, i.e. where the crust behaves as a multilayer. Denoting the bulk volume of the reservoirs by V,, the volume of the crustal chambers by V , and the volume of lava and dyke material in individual eruptions by V,, it is found that V, = 5365Ve and V = 18.50Ve. Using the estimated volumes of exposed plutons as a basis, it is found that, provided the feeder-reservoir does not participate in the eruption, the volume of individual eruptions from elastic crustal magma chambers in Iceland is less than 0.25 km3, usually less than 0.1 km3, and that typical central volcano eruptions should be about 0.02 km3. For eruptions of the order of 1 km3 or larger, the reservoirs must supply magma during the eruption. It is concluded that, from the point of view of volume, historical eruptions of typical size could have come from elastic crustal magma chambers.