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What are the lessons and things that managers should consider when developing virtual teams?
Elasticity Coefficient
A numerical measure of the responsiveness of the quantity demanded or supplied to a change in one of its determinants.
Linear Demand Curve
A graphical representation showing a straight-line relationship between the price of a good and the quantity demanded.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of demand to price changes.
Elastic
A description of a good's demand or supply that indicates a high sensitivity to changes in price, where a small change in price leads to a larger change in quantity demanded or supplied.
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