Question

smoothening information a demand curve with a gradual slope downward from left to right is ____ while a demand curve with a steep downward slope from left to right is ____. elasticity elasticity is an economic measure that shows how a dependent variable, such as quantity demanded, responds to a change of an independent variable, such as price. one kind of elasticity is demand elasticity. it can be elastic, inelastic, or unit elastic. demand is elastic when a change in price causes a significantly larger change in quantity demanded. this is when a demand curve shows a percentage change in quantity demanded that is greater than the percentage change in price. an elastic demand curve slopes gently downward from left to right. fresh tomatoes are an example of a good that has elastic demand. demand is inelastic when a change in price causes a relatively small change in the quantity demanded. for example, if the price of toothpaste was half of its regular price, people would still buy just what they needed. as well, if the price was doubled, the demand would not change significantly either. the cost of toothpaste would still be a small part of a person’s budget. demand is unit elastic when the percentage change in quantity demanded equals the percentage change in price. chapter 4 section 1

Explanation:

Se completan los espacios basándose en las definiciones de elasticidad de la demanda presentadas:

1. La curva de demanda con pendiente gradual hacia abajo (de izquierda a derecha) corresponde a demanda elástica, ya que un cambio de precio genera un cambio mayor en la cantidad demandada.
2. La curva de demanda con pendiente pronunciada hacia abajo (de izquierda a derecha) corresponde a demanda inelástica, ya que un cambio de precio genera un cambio pequeño en la cantidad demandada.

Answer:

A demand curve with a gradual slope downward from left to right is elastic demand
while
a demand curve with a steep downward slope from left to right is inelastic demand