As the price elasticity of demand decreases,what happens to the slope of the linear demand curve
A)The price elasticity of demand will be closer to the slope of the curve.
B)The demand curve will be flatter through a given point.
C)The demand curve will be steeper through a given point.
D)The price elasticity of demand will be further from the slope of the curve.

Question

Quizplus · Accepted Answer

When the price elasticity of demand decreases, the demand becomes less responsive to changes in price, which means that consumers are less likely to change their consumption habits when prices change. This reflects a steeper demand curve, as the change in quantity demanded becomes smaller for a given change in price. Therefore, the correct choice is C: The demand curve will be steeper through a given point.

As the Price Elasticity of Demand Decreases,what Happens to the Slope