For a relatively elastic portion of a demand curve, a 100% increase in price will be accompanied by
a percent increase in quantity demanded greater than 100%
decrease in quantity demanded less than 100%
a percent increase in quantity demanded less than 100%
a percent decrease in quantity demanded greater than 100%

Respuesta :

It should be noted that for a relatively elastic demand, a 100% increase in the price will lead to A. a percentage increase in quantity demanded that is greater than 100%.

Relatively elastic demand simply means that there will be more change in the quantity that's demanded for a good than the price of that good.

Therefore, in such a case, 100% increase in price will be accompanied by a percent increase in quantity demanded greater than 100%. This will lead to a flatter demand curve.

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