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Customers can build their own computers with Dell's online configurator.They simply have to answer a few questions and choose from a menu of product attributes,prices,and delivery options.The design of a Dell customized computer is made possible through the use of a __________.
Good Substitutes
Products or services that can be used in place of one another, where the increase in price of one leads to an increase in demand for the other.
Price Elasticity of Demand
A measure of how much the quantity demanded of a good changes in response to a change in its price.
Total Expenditures
The sum of all spending or costs incurred by an individual, firm, or government.
Price Elasticity of Demand
An indicator of the responsiveness of the quantity demanded of a product to changes in its price.
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