The purely competitive seller's resource demand curve is more elastic than an imperfectly competitive seller demand curve because the sellers in imperfect competition must lower prices to sell more thus expanding labor by a lower percentage than purely competitive sellers.
This refers to the graphic representation of the relationship between product price and the quantity of the product demanded.
The practice is that the demand curve is drawn with price on the vertical axis of the graph and quantity demanded on the horizontal axis.
An elastic demand means the demand that the change in quantity demanded change dues to the change in price, hence, the purely competitive seller's resource demand curve is more elastic than an imperfectly competitive seller demand curve because the sellers in imperfect competition must lower prices to sell more thus expanding labor by a lower percentage than purely competitive sellers.
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