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A Normative Community Is an Actual or Imaginary Individual or Group

question 13

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A normative community is an actual or imaginary individual or group conceived of having significant relevance upon an individual's evaluations,aspirations,or behavior.


Definitions:

Inelastic Demand

A market condition in which the demand for a product does not change significantly when its price increases or decreases.

Necessity

A requirement or an indispensable item essential for survival or the functioning of a system.

Price of the Product

The financial cost of acquiring a good or service.

Buyer's Income

Buyer's Income is the total earnings or revenue available to consumers that influences their ability to purchase goods and services.

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