demand curves

Question 1

what does the inelastic demand curve look like?

Answer 1

steep downward negative gradient

Question 2

what does the elastic demand curve look like?

Answer 2

shallow downward gradient, almost horizontal but slightly tilted

Question 3

what does the unit elastic demand curve look like?

Answer 3

the % change in price = the % change in quantity demanded. The curve is unitary

Question 4

what does a perfectly inelastic demand curve look like?

Answer 4

vertical line. % change quantity demanded stays the same no matter what the % change in price