Defend or refute the statement. Write ‘yes’ or ‘no’ with reaso – InterviewSolution

1.	Defend or refute the statement. Write ‘yes’ or ‘no’ with reason:From a point of intersection, a flatter demand curve shows greater elasticity of demand than a steeper demand curve.
Answer» Yes. From a point of intersection of the demand curve, flatter the curve, more elastic it is. Because, for a given change in P_X, (at the point of intersection) flatter demand curve shows greater change in Q_X.

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