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Syllogism 3G
Given the following syllogism:
Your diamond is valuable, because diamonds are valuable unless they are flawed, and your diamond is not flawed.
-For Syllogism 3G, the minor premise is:
Perfectly Inelastic
Describing demand that is entirely unresponsive to price changes, represented by a vertical demand curve.
Oysters
Marine mollusks known for their hard shells and edible flesh, often considered a delicacy.
Price Elasticity
An indicator of the sensitivity of the demand for a product to variations in its price.
Perfectly Inelastic
A situation where the demand for a product does not change in response to changes in price, illustrated by a vertical demand curve.
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