Yes, raising the price of a product can create a larger decline in quantity demanded for a monopolistic competitor than it would for a monopoly.
What is demand?
Demand can be defined as the amount of products or goods and services in the market that consumer are ready or willing to buy.
When there is increase in price of a product, buyer or consumer will tend to buy from competitors that offers lower price.
Therefore raising the price of a product can create a larger decline in quantity demanded for a monopolistic competitor than it would for a monopoly.
Learn more about demand here:https://brainly.com/question/1245771
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