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The Slope of Demand Curve is ___________ in the Case of Relatively Inelastic Demand. [Flatter/ Steeper/ Horizontal / Vertical] - Economics

The slope of demand curve is ___________ in the case of relatively inelastic demand.
[flatter/ steeper/ horizontal / vertical]
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Solution

The slope of the demand curve is steeper in the case of the relatively inelastic demand curve. 

The demand for a good is said to be inelastic when a given proportionate change in the price of a commodity brings about a less than proportionate change in the demand for the commodity. That is, the demand is less responsive to price. In such a case the demand curve is relatively steeper. 

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