A(n) ____________________ Is a Value That a Function Needs in Order

question 72

Short Answer

A(n) ____________________ is a value that a function needs in order to calculate its result.

---

Definitions:

Price Sensitive

The degree to which the demand for a product or service is affected by changes in its price.

More Elastic

Refers to a situation where the demand for a product is more responsive to changes in price or other factors.

Superior Quality

A designation for products or services that exceed standard quality benchmarks, often leading to higher customer satisfaction.

Less Elastic

Refers to a situation where a change in price leads to a relatively smaller change in the quantity demanded or supplied.