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When They Go Away on Vacation,some Dog Owners Choose to Leave

question 17

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When they go away on vacation,some dog owners choose to leave their dogs in posh pet resorts that offer a variety of activities for the dogs,such as swimming pool frolics,nature walks,and hayrides.The dog owners pay around $17 per night for basic boarding at the pet resorts and up to an additional $20 for the other activities,which would be collectively classified as:


Definitions:

Increase

A rise in quantity or quality in a given context, such as price, value, or productivity.

Price Elasticity

An index reflecting the degree to which the demand for a product varies with a shift in its cost.

Supply

represents the total amount of a product or service that is available for purchase at any given price in a market.

Price Change

Price change refers to the variation in the cost of goods and services over time.

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