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

. austria-hungary began seizing british colonies in africa.

this statement is true.

forests are public goods, available for everybody. when usage of such a good becomes interesting for consumers and its usage increases, there can be a risk of overexploitation. it is a non rival good therefore, if one person consumes the good it does not reduce the availability for subsequent consumers.

these caracteristics require the establishment of measures in order to prevent the destruction of a commonly owned space, for example, to restrict the amount of people that have access to the same time.