Learning Contents:                                                               ·          Slope of the Demand curve and   Price Elasticity of Demand ·          The demand curve may have the same slope but different elasticity. ·          Relationship between Price Elasticity and Slope of the Demand curve   The slope of the demand curve and the price elasticity of demand are different concepts but related to each other. As the price elasticity of demand is equal to the inverse of the slope of the demand curve times the ratio of price to quantity demanded. Also, the price elasticity of demand can be known by looking at the slope of the demand curve. A demand curve with a flatter slope signifies the high price elasticity. On the other hand, a demand curve with a steeper slope signifies low price elasticity. Let’s have a look at the concepts of slope and price elasticity of demand before going into the details of this topic. The slope of Demand Curve The slope is defin