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Which scanners are largely outdated and considered to be too intrusive to be practical in real-world applications?
Brand Loyalty
The tendency of consumers to continuously purchase one brand's products over another, reflecting a preference based on perception of the brand's value.
Elastic
Describes a situation in economics where the quantity demanded or supplied of a good changes significantly in response to a change in price.
Inelastic
Describes a situation where the demand or supply for a good or service is relatively unaffected when the price changes.
Elasticity of Demand
An indicator of the responsiveness of the quantity of a good demanded to its price alterations, showing how sensitive buyers are to changes in its cost.
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