When comparing two linear demand curves at a common point, the flatter curve is:
A) more normal.
B) less responsive.
C) more elastic.
D) less elastic.

Question

Quizplus · Accepted Answer

The flatter curve is more elastic, meaning that a given percentage change in price will result in a larger percentage change in quantity demanded, indicating that the consumers are more responsive to changes in price.

When Comparing Two Linear Demand Curves at a Common Point