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Suppose that demand for a product falls, but prices are sticky. What is likely to happen to prices and output in that market, in the short run?
Sporting Goods
Products and equipment designed for partaking in sports and physical activities.
Absolute Value
A mathematical function that measures the distance of a number from zero on the number line, denoted as |x|, regardless of direction.
Evaluate
To calculate the value of an expression by substituting the values of the variables and performing the operations.
Algebraic Expression
A combination of numbers, variables, and arithmetic operations that represents a mathematical phrase.
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