Vidyalelo
Commerce · Q674

Economics

Graduate and Post Graduate · Commerce · question 674

Q674

If two demand curves intersect, then at the point of intersection

A.
they are equally elastic
B.
the steeper curve is more elastic
C.
the flatter curve is more elastic
Answer
D.
their elasticity cannot be compared

Answer: Option C

Solution

Answer: Option C
No explanation is given for this question Let's Discuss on Board