The effect of an increase in price on the demand for a commodity with elastic demand will be

When a commodity has elastic demand, it means that consumers are sensitive to changes in its price. Therefore, an increase in the price of the commodity will lead to a decrease in the demand for the commodity. This is because consumers will be discouraged from buying the commodity due to the high price. Conversely, if the price of the commodity decreases, the demand for it will increase as consumers will be attracted to buy it due to the lower price. Therefore, the effect of an increase in price on the demand for a commodity with elastic demand will be a decrease in the demand for the commodity.