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What are professional associations? Give three examples.
Price Changes
Variations in the cost of goods and services over time in the market.
Price Elasticity
A measure of the sensitivity of demand for a product relative to changes in its price.
Minus Sign
A symbol (-) used to indicate subtraction or to represent a negative value.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price point, at a specific time.
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