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Is the demand curve shallow or steep? What does this mean about the elasticity of the demand
for memberships? (5 points)

Is the demand curve shallow or steep What does this mean about the elasticity of the demand for memberships 5 points class=

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Answer:

The demand curve is shallow, which means the elasticity of the demand for memberships is inelastic.

Explanation:

Among goods with more elastic demand, and for those with lower demand, the demand curve becomes shallower (closer to horizontal) and steefer (closer to vertical).

Hopefully this helps!

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