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Missing a minimum payment on your credit card can make it less likely that certain employers will hire you.
Price Elasticity
The measure of how much the quantity demanded of a good responds to a change in its price.
Total Revenue
The total amount of money received by a company from its sales of goods or services.
Increase
A rise in quantity, size, number, or some other measure.
Perfect Competition
A market structure where numerous small firms compete against each other, selling identical products, leading to optimal pricing and output levels.
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