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Elasticity of Demand Is Closely Related to the Slope of the Demand

Question 50

Multiple Choice
Elasticity of demand is closely related to the slope of the demand curve.What is the slope when demand elasticity is greater
A)steeper
B)further to the right
C)flatter
D)closer to the vertical axis

Elasticity of demand is closely related to the slope of the demand curve.What is the slope when demand elasticity is greater


A) steeper
B) further to the right
C) flatter
D) closer to the vertical axis

Correct Answer:

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