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There will be an increase in quantity demanded.
If a section of a demand curve is elastic, what will happen to the quantity demanded if there is
an increase in price? (1 point)
There will be no change in demand.
There will be a demand decrease less than the size of the price change.
There will be a demand decrease greater than the size of price change.
1 answer
There will be a demand decrease greater than the size of the price change.