If the demand curve for a good is relatively flat,a small change in price results in a relatively large change in quantity demanded.

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When the demand curve is relatively flat, it means that the price elasticity of demand is high. This indicates that a small change in price would lead to a relatively large change in quantity demanded. Conversely, when the demand curve is steep, it implies that the price elasticity of demand is low, and a change in price would result in only a small change in quantity demanded.

If the Demand Curve for a Good Is Relatively Flat,a