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If a good, such as salt, is inelastic then an increase in price will cause demand to fall by a greaterpercentage An increase in price

If a good, such as salt, is inelastic then

an increase in price will cause demand to fall by a greaterpercentage

An increase in price will cause demand to fall by less than thepercentage change in price

An increase in price will cause other firms to market thegood.

An increase in price will cause demand to increase

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