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Class Reptilia includes all reptiles, and Class Aves includes all birds.However, a cladistics approach would place birds in the same class with reptiles.Why would a cladistician classify birds and reptiles in a single class despite the behavioral and physical differences between the two?
Total Revenue
The total income received by a firm from selling its goods or services before any costs or expenses are deducted.
Elastic
Describing a situation in which the supply or demand for a good or service is highly responsive to changes in price.
Elasticity Coefficient
A measure reflecting the responsiveness of the quantity demanded or supplied of a good to a change in its price.
Price Increase
A rise in the cost of goods or services over time.
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