Assume price per unit is graphed on the vertical axis and quantity demanded is graphed on the horizontal axis. If consumers are inelastic, then a. Supply is relatively flat (almost horizontal). b....


Assume price per unit is graphed on the vertical axis and quantity demanded is graphed on the horizontal axis.  If consumers are inelastic, then





a. Supply is relatively flat (almost horizontal).



b. Demand is relatively flat (almost horizontal).



c. Supply is relatively steep (almost vertical).



d. Demand is relatively steep (almost vertical).




Jun 07, 2022
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