Question

---- elastic.
60. Demand curve is flatter when demand is
(a) more than
(b) Less than
(c) Constant
(d) Rectangular hyperbola

Answer 1

Explanation:

The “flatter” or less steep a demand curve is, the more elastic demand happens to be. So it means that consumers will be more sensitive to changes in the price. In other words, as price changes by a small percentage, the quantity demanded will change by a larger percentage