Interpret a demand curve in terms of elasticity in one simple sentence

Answer 1

A steeper demand curve indicates a more elastic demand, meaning that consumers are very responsive to price changes, while a flatter demand curve suggests a less elastic demand, indicating consumers are less sensitive to price changes.

Answer 2

As the price decrease the demand increases, how do you interpret the demand in terms of elasticity in one simple sentence

Answer 3

The demand is elastic if a decrease in price leads to a proportionally larger increase in demand, indicating that consumers are highly responsive to price changes.

Answer 4

Answer in three to five words

Answer 5

Elastic demand: price decrease, demand increase.