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Which of the following factors will make the demand for a product more elastic?
Gross Margin
Gross margin is the difference between revenue and cost of goods sold (COGS) expressed as a percentage of revenue, indicating the efficiency with which a company produces goods.
Operating Expenses
Expenses incurred through normal business operations, such as rent, utilities, and salaries, but not including cost of goods sold.
Statement of Stockholders' Equity
A financial document showing changes in the value of a company’s equity over a specific period, including shares issued, dividends paid, and earnings retained.
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