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Part of the explanation for higher delinquency risks in unstable communities is that poorer and more unstable neighborhoods have weaker ______.
Total Revenue
The total income generated from selling goods or services, calculated by multiplying the price by the quantity sold.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, demonstrating the goods' sensitivity to price changes.
Quantity
The amount or number of a material or immaterial good considered as a unit or total.
Perfectly Inelastic
Describing demand that is entirely unresponsive to price changes, represented by a vertical demand curve.
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