From a point of intersection, a flatter demand curve shows greater elasticity of demand than a steeper demand curve.

Question

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 1

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.