Economy, asked by shankarsurabhi80, 16 days ago

If price consumption curve of a commodity if horizontal for all relevant prices, then its demand curve will be?

Answers

Answered by uzaircarimo2003

Answer:

To sum up, downward-sloping price consumption curve for a good means that demand for the good is elastic, upward-sloping price consumption curve means that demand for the good is inelastic and horizontal straight-line price consumption curve means that demand for the good is unit elastic.

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