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Of the following items, which has the most inelastic demand?
Long-Term Storage
The phase of memory in which information is retained for extended periods of time, potentially indefinitely.
Chunking
is a method of organizing information into smaller, more manageable units or chunks, making it easier to remember and process.
Semantic Memories
Long-term memory processes that store general world knowledge, facts, concepts, and meanings about words and objects.
Hippocampus
A major component of the brain located in the temporal lobe, primarily responsible for memory formation and spatial navigation.
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