An (elastic/inelastic)product has a flatter demand curve

asked Aug 6, 2020 61.8k views

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Inelastic should have the flatter demand curve because people are willing to spend as much as possible for the product (for example water).

Idmadj answered Aug 8, 2020

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2 votes

An inelastic because if you change the price people will typically still buy it. An example of this is cigarettes.

Made answered Aug 11, 2020

by Made

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