Which region of the demand curve is more elastic?

A)Depends on the product

B)In the higher price range

C)In the higher quantity range

D)In the lower price range

This question has multiple answers. Select all that apply.

Assume production technology improved. At the same time, consumers' income has increased and the good is a normal good. There are no other changes.

Equilibrium quantity increases

Demand increases

Equilibrium price increases

Equilibrium quantity decreases

Supply decreases

Demand decreases

Supply increases

Equilibrium price decreases