jennb8387474 jennb8387474

04-03-2021
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Which would be steeper, an inelastic
demand curve or an elastic demand curve?
Why?

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Vacarichard11 Vacarichard11

04-03-2021

Answer:

A demand curve for a product with low elasticity appears to be steeper, because the quantity demanded doesn't change much, even if prices do. Products with low price elasticity are described as being inelastic

Explanation:

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