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Buying response to a teeth whitening product is considered to be elastic. This would suggest dropping the price would result in:

Sagot :

The drop in the price of the teeth whitening product would result in its increased quantity demand.

Let first understand that the buying response to the teeth whitening product means that the demand for the teeth whitening product is elastic.

Elastic demand depict that demand of a product is likely to change when an economic factor changes(i.e. Change in price)

So, the law of demand state that "the lower the price, the higher the quantity demanded".

Therefore, in conclusion, the drop in the price of the teeth whitening product would result in its increased quantity demand for the product.

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