Can anyone tell me difference between flatter curve and steeper curve..I will be very thankful to you😇

Reeshav · 14 Jun 2024

And you will understand it better when you see it's diagram.

Reeshav · 14 Jun 2024

As my knowledge there is nothing about more about flatter curve and steeper curve . And i think that is not Curve it's straight line i think so.. flatter is in elastic demand when price change is less and demand change is more than price and Steeper is in inelastic demand when price change in more and demand changes less as compared to price..so..