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

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Question

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

Options

  • flatter

  • steeper

  • rectangular

  • horizontal

MCQ
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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.

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

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Balbharati Economics [English] Standard 12 Maharashtra State Board
Chapter 3.2 Elasticity of Demand
EXERCISE | Q 1. 4) | Page 34
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