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Which statement best describes the characteristic of a product with elastic demand? O a. A change in price does not significantly affect the quantity demanded.

Which statement best describes the characteristic of a product with elastic demand? O a. A change in price does not significantly affect the quantity demanded. O b. A change in price causes a larger percentage change in quantity demanded O c. Its demand remains constant regardless of price changes. O d. A change in price causes a proportional change in quantity demanded

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