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The demand will decrease because there will be more suppliers so it will become easier to acquire. (Comment if you have any questions!!)
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When there is an increase in competition, the effect on demand is that it makes demand more elastic.

How does increased competition affect demand?

When there is increased competition, consumers will have more alternatives to a product.

This means that a change in price of a good, will lead to more consumers either considering other sellers or leaving them thereby making demand more elastic.

Find out more on price elasticity at https://brainly.com/question/5078326.

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