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Once lower-order needs are satisfied, it is difficult to predict which higher- order needs will motivate behavior.
Marginal Revenue
The additional income earned from selling one more unit of a good or service.
Demand Elasticity
The measure of how much the quantity demanded of a good responds to a change in the price of that good, reflecting consumer sensitivity to price changes.
Marginal Revenue
The additional income earned from selling one more unit of a product or service.
Demand Inelastic
A situation where the demand for a product does not change significantly with a change in price.
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