In the accompanying figure, the apostrophes at the left margin of some lines indicate ____.
Definitions:
Differentiate
To establish a distinct, unique position in the marketplace by highlighting differences from competitors.
Demand Curve
A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.
Charging Different Prices
Practice of setting different prices for the same product or service in different markets or to different customers, often based on demand, purchase volume, or buyer characteristics.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price.
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