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Sagot :
When the price elasticity of demand for a good is very elastic, the quantity demanded is curved flat to a change in price and the demand curve is relatively higher.
The demand for an excellent is stated to be elastic (or notably elastic) whilst its PED is extra than one. In this case, adjustments in price have a greater than proportional effect on the quantity of a good demanded.
The perfectly elastic demand curve is horizontal straight line. this is because on the given fee the quantity demanded is countless, even supposing there is a slight exchange within the fee the demand turns into infinity, and consequently the curve is flat.
Whilst the fee elasticity of call for a good is perfectly inelastic (Ed = 0), changes within the price do now not affect the amount demanded for the good; raising costs will continually motive total revenue to grow.
Learn more about elastic demand here: https://brainly.com/question/13160920
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