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On a Chart,the ________ Shows the Value of Each of the Series

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On a chart,the ________ shows the value of each of the series on the table.


Definitions:

Producers Gain

The increase in total revenue that producers achieve from selling goods or services, typically measured against costs.

Price Elasticity of Demand

Measures how much the quantity demanded of a good responds to a change in the price of that good.

Short-Run Elasticity

Measures the responsiveness of demand or supply to price changes over a short period.

Equilibrium Price

The point in the market where the volume of goods available equals the volume of goods sought by buyers.

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