Examlex
Write the solution set using interval notation.
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Price Raised
An increase in the cost of a good or service to consumers.
Perfectly Horizontal
Describes a line or curve on a graph that has a slope of zero, indicating no change.
Demand Curve
Illustrates the relationship between the price of a good or service and the quantity demanded by consumers, typically downward sloping.
Relatively Elastic
Describes a situation where a small change in price leads to a greater change in quantity demanded or supplied.
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