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Which would be steeper, an inelastic demand curve or an elastic demand curve? Why?
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Which would be steeper, an inelastic
demand curve or an elastic demand curve?
Why?

User Brain Foo Long
by
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1 Answer

9 votes

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

Step-by-step explanation:

User Hadi Moshayedi
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