English

When two demand curves intersect each other, then the __________ curve is more elastic at the point of intersection.

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Question

When two demand curves intersect each other, then the __________ curve is more elastic at the point of intersection.

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Solution

When two demand curves intersect each other, then the flatter curve is more elastic at the point of intersection.

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Chapter 4: Elasticity of Demand - OBJECTIVE QUESTIONS [Page 4.34]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 4 Elasticity of Demand
OBJECTIVE QUESTIONS | Q 2. | Page 4.34
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