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No, if demand is slightly elastic, an increase in price will still cause a decrease in demand. https://en.wikipedia.org/wiki/Price_elasticity_of_demand https:/
by rocqua 9y ago
No, if demand is slightly elastic, an increase in price will still cause a decrease in demand.
https://en.wikipedia.org/wiki/Price_elasticity_of_demand https://en.wikipedia.org/wiki/Price_elasticity_of_demand