Question

When the value of price
elasticity of demand is high,
the demand curve will be
A)flatter
B)steeper
C)horizontal
D)vertical

Answer 1

Answer:

When the value of price

elasticity of demand is high,

the demand curve will be Flatter.

Answer 2

The demand curve will be flatter for the value of price elasticity of demand is high.

Option(A) flatter

• Demand is the willingness of any consumer to buy any goods or service.
• Demand can affect the price levels, production levels, and supply in the market.
• The price of elasticity of demand is a measurement of the price change.
• The more is the quantity of demand, the more discretionary the purchase will be in response to a price increase.
• So the demand curve will become flattered for the high value of price elasticity.