When percentage change in quantity demanded is more than the percentage change in price, the demand curve is .....
Answers
Answered by
0
Answer:
Elastic demand or supply curves indicate that the quantity demanded or supplied responds to price changes in a greater than proportional manner. An inelastic demand or supply curve is one where a given percentage change in price will cause a smaller percentage change in quantity demanded or supplied.
Answered by
2
Answer:
Flatter
HOPE IT HELPS YOU
Attachments:
Similar questions