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What was the main impact of Alan Turing to cognitive science?
Price Increase
A rise in the cost of goods or services, affecting consumption patterns and inflation rates.
Elasticity
A measure of the responsiveness of quantity demanded or supplied to a change in one of its determinants, such as price or income.
Consumer Expenditure
The total amount spent by consumers on goods and services within a specific period.
Demand Curves
illustrate the relationship between the price of a good and the quantity demanded, typically showing a downward slope indicating that demand decreases as price increases.
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