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For a particular good, a 3 percent increase in price causes a 10 percent decrease in quantity demanded. Which of the following statements is most likely applicable to this good?
Natural Aptitude
An inherent ability or talent in a particular area that enables someone to learn or perform more effectively.
Ability
The capacity of an individual to perform various tasks or skills in a competent manner.
Situational Factors
External influences that affect an individual's decision-making process or behavior in a specific context.
Employee Performance
The extent to which an employee's work outputs and actions align with the goals and expectations of their employer.
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