Examlex
Decide whether the expression has been simplified correctly.
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Competitive Retail
The marketplace scenario where various retailers compete with each other to offer goods or services to consumers, often leading to better prices and quality.
Elastic Demand
Describes a market situation where the demand for a product or service significantly changes in response to a change in price.
Business Travelers
Individuals who travel primarily for business purposes, such as meetings, conferences, and networking.
Lower Price
When the cost of a good or service decreases relative to previous pricing levels, making it more affordable.
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