Question

When the value of price elasticity of demand is high, the demand curve will be​

Answer 1

Answer:

When the price elasticity of demand for a good is perfectly inelastic (Ed = 0), changes in the price do not affect the quantity demanded for the good; raising prices will always cause total revenue to increase

Answer 2

When the value of price elasticity of demand is high, the demand curve will be​ parallel to the x-axis. The demand curve will be a linear horizontal curve.

Assuming that by high price elasticity of demand you mean that the price elasticity is infinite-

1. In such case it will be a perfectly elastic demand.
2. Such demand is highly responsive to a little change in price. A little decrease in price would increase the demand significantly and vice versa.

However, if by high price elasticity of demand you mean relatively higher than other demand but less than infinity then, in that case the demand curve will be less steep (closer to horizontal line).