If two linear demand curves run through a common point, then at any given quantity the curve that is flatter is more elastic.

Question

Quizplus · Accepted Answer

A flatter demand curve represents a more elastic demand because a small change in price will lead to a larger percentage change in quantity demanded. Therefore, at any given quantity, the curve that is flatter will have a greater responsiveness to price changes and a more elastic demand.

If Two Linear Demand Curves Run Through a Common Point