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

Question

Quizplus · Accepted Answer

The more elastic a demand curve is, the more responsive consumers are to changes in price. This means that even a slight increase in price will result in a larger decrease in quantity demanded. Therefore, the demand curve will be flatter.

In General, the More Elastic a Demand Curve Is, The