Yes. How? Go through the following paragraphs.
In case of ASD, service loads are used, and both dead and live loads have same load factor of 1. On the other hand, considering the the basic load combination of 1.2 D + 1.6 L, dead load (DL) has a load factor of 1.2 and live load (LL), a load factor of 1.6. Now consider two simple examples.
For the first example, assume that a certain beam has to carry a DL of 30 kips, and a LL of 10 kips. For this beam, total design service load for ASD method will be DL+LL=30+10 = 40 kip. For the Strength Design, basic design load will be 1.2 DL+1.6LL = 1.2(30)+1.6(10) = 52 kips. Strength Design load in this case is (52-40)/40*100 = 30% larger than the Design Load for ASD.
Now, for the second example, assume that there is another beam, similar to that in the first example, except that the DL & LL values are reverse of those in first example i.,e., now DL = 10 kips, & LL = 30 kips. Total Design Load for ASD method is now DL+LL=10+30 = 40 kip (same as in first example). However, design load for Strength design changes and it is now 1.2 (10)+1.6(30) =60 kips, which is (60-40)/40*100 = 50 % larger.
Thus, it is very clear that for both the examples, Design load is the same when using ASD method, and resultantly the member size & reinforcement will also be the same. However, since Design load for Strength Design method is larger in second example (when LL is larger than DL), a comparatively larger member size or reinforcement will be required. Thus, ASD method is generally economical (as compared to Strength Design method) when the live load on a member is larger than the dead load.
Regards.