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All else constant,as the price elasticity of demand for a good at the equilibrium price decreases,the amount of consumer surplus derived from purchasing the equilibrium quantity of the good increases.
Adolescents
Individuals in the transitional stage of human development between childhood and adulthood, typically ranging from ages 10 to 19.
Personal Sphere
Relates to the aspects of an individual's life that are private and personal, as opposed to the public or shared with society at large.
Constantly Connected
Describes the state or condition of being continuously in touch or in communication with others, often through the use of digital technologies like smartphones and social networking sites.
Cellphones
Portable electronic devices that enable voice and text communication over cellular networks, often equipped with internet access and various applications.
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