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Elasticity of Demand Is Closely Related to the Slope of the Demand

Question 175

Multiple Choice

Elasticity of demand is closely related to the slope of the demand curve. The more responsive buyers are to a change in price, the


A) steeper the demand curve will be.
B) flatter the demand curve will be.
C) further to the right the demand curve will sit.
D) closer to the vertical axis the demand curve will sit.

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