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Figure 21-6
-Refer to Figure 21-6. If the price of good Y is $5, what is the price of good X?
Entrepreneur
An individual who organizes and operates a business venture, taking on greater than normal financial risks in order to do so.
Existing Company
A business entity that has already been established and is operating in the market.
Technological Advance
The development and application of innovative techniques, equipment, and processes in various fields, leading to improved efficiency and productivity.
External Force
A force that acts on an object or system from outside its boundaries, influencing its behavior or direction.
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