Which would be steeper, an inelastic demand curve or an elastic demand curve? Why?

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asked Oct 22, 2022 213k views

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Hadi Moshayedi · Answer 1 · 2022-10-27T17:48:07+0000

Answer:

A demand curve for a product with low elasticity appears to be steeper, because the quantity demanded doesn't change much, even if prices do. Products with low price elasticity are described as being inelastic

Step-by-step explanation:

Which would be steeper, an inelastic demand curve or an elastic demand curve? Why?

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