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Segregate Market
The practice of dividing or separating markets into sections or categories based on consumer demographics, behaviors, or other characteristics.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price, with elasticity referring to the degree of responsiveness.
Good Substitutes
Products or services that can be used in place of each other, having a high cross-elasticity of demand.
Income Elasticity Coefficient
A measure indicating how much the quantity demanded of a good responds to change in consumer income.
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