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Demand is said to be more elastic when
5Q:
Demand is said to be more elastic when
- 1A small change in price leads to a large change in demandfalse
- 2A small change in price leads to a small change in demandfalse
- 3Large change in price leads to small change in demandfalse
- 4There is no change in demand due to a large change in pricetrue
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