Which explains how elastic demand would most likely affect consumer demand?

I believe the answer is: People might buy a less expensive substitute good.

For example, Both olive oil and coconut oil is considered a healthy choice for cooking oil, but olive oil is more popular due to its lower saturated fat.

But, when the price of olive oil increases, the demand for this product would decrease because many customers would think that the increase in price does not really worth the quality difference between olive oil and coconut oil

i believe the answer is: returns on investments, no wages

people who belong in upper class society would most likely get there by obtaining multiple source of income, which a certain percentage of ownership for businesses. since most of them are job creator, they would most likely get their money from profit, not wages.

answer; one person; monarch;