There are several reasons why demand curves may become more prices elastic. Among them are

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When goods become less differentiated, it means that consumers have more options to choose from and are more likely to switch to a substitute if the price of the current product increases. As more firms enter the industry, the competition increases, leading to lower prices and more price-sensitive consumers. This results in a more elastic demand curve.

There Are Several Reasons Why Demand Curves May Become More