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Reverted edits by GoodMan9 (Talk); changed back to last version by GregLarson
'''Elastic Demand''' is high [[elasticity]]. The percent change in quantity over the percent change in price is a number greater than one. Raising the price of an elastic good causes a large drop in demand.
== See Also ==
[[Inelastic Demand]]
[[Price Elasticity of Demand]]
[[Category:Economics]]