nsAm_Govt_101RO, nsAm_Govt_101RW
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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 one. Raising the price of an 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 one. Raising the price of an elastic good causes a large drop in demand.
== See Also ==
== See Also ==