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The demand for a product is considered elastic if a significant increasein price leads to:
The demand for a product is considered elastic if a significant increase
in price leads to:
a significant increase indemand
a significant increase in
demand
changes in the value ofthe supply of goods
changes in the value of
the supply of goods
a slight decrease indemand
a slight decrease in
with the invariability ofdemand
ith the invariability of
a significant decrease indemand
a significant decrease in
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