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