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

question 158

Multiple Choice

Elasticity of demand is closely related to the slope of the demand curve.The less 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.

---

Definitions:

Highly Educated

Refers to individuals who have attained a high level of education, often including tertiary degrees such as a Master's or a Doctorate.

Low Skilled Employment

Employment that requires a minimal level of specialized skills or education.

South Asians

People originating from the South Asian subcontinent, which includes countries like India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan, and the Maldives.

White Supremacy

An ideological belief system that promotes the social, political, and economic dominance of white people.