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500 units of a product are demanded when the price for a product is £5. When the price increases to £6, only 400 units of the product are demanded. The revenue lost from increasing the price is:
Cyborg
A being with both organic and biomechatronic body parts, often used in the context of enhancing human abilities through technology.
Ageism
Discrimination or prejudice against individuals based on their age, often targeting the elderly or young.
Discrimination
The unfair or biased treatment of diverse groups of individuals, particularly based on their race, age, gender, or disabilities.
Poverty Rate
The percentage of the population that lives below the national poverty line, indicating a lack of financial resources necessary for basic living conditions.
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