Examlex
Of the following traits that are associated with being human,which evolved most recently?
Necessity
An essential requirement or need for something.
Luxury Good
A good for which demand increases more than proportionally as income rises, often seen as non-essential but desirable.
Price Elasticity Coefficient
A measure that quantifies the responsiveness of the quantity demanded of a good to a change in its price.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, influencing pricing and marketing strategies.
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