In general,the more elastic a demand curve is:
A)the flatter it will be.
B)the steeper it will be.
C)the more bowed-in it will be.
D)the faster it will shift when price changes.

Question

Quizplus · Accepted Answer

The more elastic a demand curve is, the more responsive it is to changes in price, meaning that a relatively small change in price leads to a larger change in the quantity demanded. This is reflected in a flatter demand curve, as the slope is less steep. In contrast, a more inelastic demand curve is less responsive to price changes, meaning that a larger change in price is required to elicit a smaller change in quantity demanded, resulting in a steeper curve. Therefore, choice A, the flatter it will be, is the best answer.

In General,the More Elastic a Demand Curve Is