In general, the flatter the demand curve the:
A) less the demand elasticity.
B) greater the demand elasticity.
C) greater the change in price needed to induce a change in quantity demanded.
D) less the change in total revenue given a price change.

Question

Quizplus · Accepted Answer

The flatter the demand curve, the greater the demand elasticity. This means that a small change in price will lead to a relatively larger change in quantity demanded, indicating that consumers are more responsive to price changes. Therefore, the demand curve is more elastic.

In General, the Flatter the Demand Curve The