Provide an appropriate response.
-Given two points s ( 
) and and 
) , the ra, the rtio of the change in y to the change in x is called.
Definitions:
Selling Price
The amount of money charged for a product or service, determined by adding a profit margin to the product cost.
Competition-Based Concept
A pricing strategy that sets prices based on what competitors charge for similar products or services.
Economic Theory Approach
A perspective or method that applies economic theories and principles to analyze and solve various problems or to understand behavior.
Price Skimming
Price skimming involves setting a relatively high price for a new product or service at the beginning, then lowering the price over time.
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