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Economists Categorize Price Elasticity of Demand Greater Than 1 As

question 33

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Economists categorize price elasticity of demand greater than 1 as:


Definitions:

Format Cells

The process of changing the appearance or data type of cells in a spreadsheet.

Order of Operations

The rules that determine the sequence in which operations are performed in mathematical expressions, often remembered as PEMDAS (Parentheses, Exponents, Multiplication and Division, and Addition and Subtraction).

MAX Function

A formula used in spreadsheet programs to find the largest number in a set of values.

Pastes Formula

The action of copying a formula from one location and inserting it into another within a spreadsheet or document.

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