Question

f consumer purchases of a good are not very sensitive to the price of the good, this is illustrated by a a. supply curve that is relatively steep (more vertical). b. demand curve that is relatively steep (more vertical). c. supply curve that is relatively flat (more horizontal). d. demand curve that is relatively flat (more horizontal).

Answer 1

b. demand curve that is relatively steep (more vertical).

Step-by-step explanation:

The demand curve is a curve that shows the relationship between price and quantity demanded by consumers.

If consumers are not sensitive to changes in price of the good, it means that the quantity demanded would change little or not at all when there is a change in price

Please find attached an image of a vertical demand curve