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Assume that x, y, and b are positive numbers. Use the properties of logarithms to write the expression in terms of the logarithms of x and y.
Elastic Demand
A state in which the quantity demanded of a product is highly responsive to changes in its price.
Accountant Wages
The compensation, including salary and benefits, paid to accountants for their professional services.
Demand Shift
A change in the quantity demanded at every price point, caused by factors other than the price of the good or service.
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