Examlex
Find the logarithm using the change-of-base formula.
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Revenue
The earnings a company garners from its principal operations, often through selling products and services to its clientele.
Supply
The total amount of a particular good or service that is available to consumers at a given price level in a given time period.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price; high elasticity indicates sensitivity to price changes.
Supply Curve
A graphical representation that shows the relationship between the price of a good or service and the quantity of that good or service that suppliers are willing and able to provide.
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