When percentage change in quantity demanded is less than the percentage change in price the demand curve is a flatter B steeper C rectangular D horizontal 1 point?

MCQ

Complete the following statement:

When the percentage change in quantity demanded is more than the percentage change in price, the demand curve is ______.

Options

• flatter

• steeper

• rectangular

• horizontal

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Solution

When the percentage change in quantity demanded is more than the percentage change in price, the demand curve is flatter.

Concept: Types of Price Elasticity of Demand

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Chapter 3.2: Elasticity of Demand - Exercise [Page 34]

Q 1. (4)Q 1. (3)Q 1. (5)

APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board

Chapter 3.2 Elasticity of Demand
Exercise | Q 1. (4) | Page 34

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When the percentage change in quantity demanded is less than the percentage change in price demand curve is?

When percentage change in quantity demanded is more than the percentage change in price than demand curve is flatter steeper rectangular horizontal?

When percentage change in quantity demanded is less than the percentage change in price the demand curve is a flatter B steeper C rectangular D horizontal?

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