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If Glareshades is very successfully advertised and buyers become more attached to it, then its demand will increase and the e

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Answer #1

True

Since the advertisement is successful and more consumers are attached so it

This will increase in demand

Here the demand will be elastic in nature

Elastic demand is that type of demand in which even there is very small change in the price causes heavy change in the quantity demanded

In this, consumers are price sensitive

So here if the advertisement is successful it means people will love to buy and they will spend more money

Hence it will lead to a higher elasticity of demand

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