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Elastic Demand is high [[elasticity]]. The percent change in quantity over the percent change in price is a number greater than than one. Raising the price of and elastic good causes a large drop in demand.
Elastic Demand is high [[elasticity]]. The percent change in quantity over the percent change in price is a number greater than than one. Raising the price of and elastic good causes a large drop in demand.
== See Also ==
[[Inelastic demand]]
[[Category:Economics]]
[[Category:Economics]]