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At high price levels, demand tends to be ________ and the price effect is ________, relative to the output effect.

At high price levels, demand tends to be ________ and the price effect is ________, relative to the output effect.
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At high price levels, demand tends to be ________ and the price effect is ________, relative to the output effect.

User Wasikuss
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At high price levels, demand tends to be elastic and the price effect is small relative to the output effect.
User Grahan
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