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प्रश्न
True or False with Reason:
A flatter demand curve is more elastic than a steeper demand curve at the point of intersection.
चूक किंवा बरोबर
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उत्तर
This statement is true.
Explanation:
- At the point of intersection, both curves have the same price and quantity.
- For the same change in price, the flatter curve shows a larger change in quantity demanded.
- Therefore, the flatter curve has higher elasticity at that point.
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