Respuesta :
Answer: Flatter; Steeper.
Explanation:
Elasticity affects the slope of the demand curve of a product. A greater slope implies a less elastic product and a steeper demand curve.
The steepness of the demand curve is typically determined by the degree of substitutability between the products. In cases where the buyers see the products as good substitutes, the demand will be flatter .
The flatter demand curve shows that there is a greater quantity demanded in response to a price change. When buyers see products as poor substitutes, the demand will be steeper.
Fill in the blank: The steepness of the demand curve is usually determined in part by the degree of substitutability between the products. Also, If buyers see products as good substitutes, demand will be FLATTER. Then If buyers see products as poor substitutes, demand will be STEEPER.
What is Elasticity demand?
When the Elasticity affects the slope of the demand curve of a product. A greater slope implies a less elastic product and a steeper demand curve.
When The steepness of the demand curve is determined to those degrees of substitutability between the products. In such cases where the buyers see the products nearly as good substitutes, the demand is going to be flatter.
According to the flatter demand curve shows that there's a greater quantity demanded in response to a price change. When buyers see products as poor substitutes, the demand is steeper.
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