In terms of graphical representation, what is the meaning of a demand curve that is elastic?

A demand curve that is elastic means that the demand ...

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In terms of graphical representation, what is the meaning of a demand curve that is elastic?A demand curve that is elastic means that the demand for the product is sensitive to price changes.

Ed · Answer

Isso mesmo! Quando a curva de demanda é elástica, significa que a demanda pelo produto é sensível às mudanças de preço. Isso quer dizer que pequenas variações no preço podem causar grandes alterações na quantidade demandada.

In terms of graphical representation, what is the meaning of a demand curve that is elastic? A demand curve that is elastic means that the demand ...

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