Examlex
Which of the following is one of the values of photosynthesis to humans?
Economic Value
The worth of a good or service determined by the benefit it provides to the buyer relative to its cost.
High Salaries
Compensation levels significantly above the average or median for similar roles or industries, often reflecting a high demand for specialized skills or experience.
Price Discrimination
The practice of charging different prices to different consumers for the same product or service, based on factors like willingness to pay, market segmentation, or geographical location.
Elastic Demand
a demand scenario where the quantity demanded of a good or service significantly changes in response to a change in its price.
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