The elasticity of any demand curve is the same as its slope.

Name: The elasticity of any demand curve is the same as its slope.
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Quizplus · Accepted Answer

The elasticity of a demand curve depends on factors such as the availability of substitutes and the proportion of income spent on the good, while the slope of the demand curve only indicates the change in quantity demanded due to a change in price. Therefore, the elasticity and slope of a demand curve are not always the same.

The Elasticity of Any Demand Curve Is the Same as Its