Refer to the accompanying figure. At P = 8 and Q = 4, D1 is ________ elastic than D2, which is shown graphically as D1 being ________ D2.
A)more; flatter than
B)more; steeper than
C)less; flatter than
D)less; steeper than

Question

Refer to the accompanying figure. At P = 8 and Q = 4, D1 is ________ elastic than D2, which is shown graphically as D1 being ________ D2. 
A)more; flatter than 
B)more; steeper than 
C)less; flatter than 
D)less; steeper than

Quizplus · Accepted Answer

At any given price and quantity, a steeper demand curve is a less elastic demand curve.

Refer to the Accompanying Figure