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The flatter the demand curve, the ________. lower the elasticity of demand higher the elasticity of...

The flatter the demand curve, the ________.

lower the elasticity of demand

higher the elasticity of demand

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Answer #1

When the demand function is flatter, it suggests a smaller percentage change in price resulting in a greater percentage change in quantity demanded. Hence the elasticity is greater than 1 and so we have a higher the elasticity of demand for flatter demand

Select higher the elasticity of demand

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