if a given change in price brings a proportionately larger change in quantity demanded, the

If a change in price causes a relatively larger change in the quantity demanded, this indicates that demand is relatively price elastic. In other words, consumers are sensitive to changes in price and are more likely to adjust their consumption behavior in response to changes in price. This means that if prices increase, consumers will reduce their quantity demanded by a larger proportion, while if prices decrease, consumers will increase their quantity demanded by a larger proportion. Conversely, if a change in price causes a relatively smaller change in the quantity demanded, demand is relatively price inelastic, meaning consumers are less sensitive to changes in price. The price elasticity of demand is a measure of the responsiveness of quantity demanded to changes in price, and when demand is relatively price elastic, the price elasticity of demand will be greater than 1.