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An (elastic/inelastic)product has a flatter demand curve

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User Bigskull
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2 Answers

5 votes

Inelastic should have the flatter demand curve because people are willing to spend as much as possible for the product (for example water).

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User Idmadj
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2 votes
An inelastic because if you change the price people will typically still buy it. An example of this is cigarettes.
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User Made
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