what would be the shape ( steep or flat ) of the demand curve for (a) a product whose demand is elastic ( b ) a product whose demand is inelastic
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Answer:
Elastic demand means there is a substantial change in quantity demanded when another economic factor changes (typically the price of the good or service), whereas inelastic demand means that there is only a slight (or no change) in quantity demanded of the good or service when another economic factor is changed.
Explanation:
so
a. A bit flat or totally flat
b. as inelastic means no change it remains curve only
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