Economy, asked by vtiwari6553, 4 months ago

Explain the elasticity of two intersecting demand curves

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Answered by manjotdevgun

Answer:

Elasticity of demand depends on the slope of the demand curve. ... When two curves intersect each other, the relatively flatter curve (with lesser slope) has a greater elasticity of demand. Other curve with more slope, that is relatively steeper will show inelastic nature.

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