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GE company executives estimate that the company has saved billions in costs since 1995.
Elasticity
A measure of how much the quantity demanded or supplied of a good responds to a change in price, income, or other related factors.
Price Ranges
The spread between the lowest and highest price at which a good or service is sold in a market.
Price Elasticity
A calculation that shows the impact of price changes on the quantity of a good that is demanded.
Price Increase
A rise in the cost of goods or services, affecting the purchasing power of consumers.
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