Typically, what characteristic is associated with a demand curve that is relatively flat?

Show Answers

Highly responsive to price changesExhibiting unitary price elasticityNot fitting any standard elasticity categoryShowing low sensitivity to price variationsPerfectly inelastic

Explanation

A flatter demand curve indicates that quantity demanded changes significantly with price adjustments, meaning the demand is price elastic. In contrast, steeper curves represent inelastic demand.