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A flatter demand curve is more elastic than a steeper demand curve at the point of intersection. |
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Flatter <a href="https://interviewquestions.tuteehub.com/tag/dmeand-2590304" style="font-weight:bold;" target="_blank" title="Click to know more about DMEAND">DMEAND</a> curve is more <a href="https://interviewquestions.tuteehub.com/tag/elastic-967540" style="font-weight:bold;" target="_blank" title="Click to know more about ELASTIC">ELASTIC</a> because with the same <a href="https://interviewquestions.tuteehub.com/tag/change-913808" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGE">CHANGE</a> in price, change in demand in <a href="https://interviewquestions.tuteehub.com/tag/case-910082" style="font-weight:bold;" target="_blank" title="Click to know more about CASE">CASE</a> of flatter curve is more than change in demand in case of steeper curve.</body></html> | |