A good experiences a shift of the demand curve so that it is now flatter than before.Suppose that the market price and quantity demanded does not change.This means that the good has now become inelastic.

Question

Quizplus · Accepted Answer

If the demand curve becomes flatter, it means that the good has become more elastic, not inelastic. This is because a flatter demand curve means that a small change in price leads to a larger change in quantity demanded, indicating more sensitivity to price changes and thus greater elasticity.

A Good Experiences a Shift of the Demand Curve So