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For a particular good,a 10 percent increase in price causes a 15 percent decrease in quantity demanded.Which of the following statements is most likely applicable to this good?
Economic Aid
Financial assistance given by one country to another or to an NGO to support economic development and welfare objectives.
Grants
Financial support provided by a government or organization for a specific purpose.
Loans
A sum of money that is borrowed and is expected to be paid back with interest.
Democratic Allies
Nations or groups that share and support democratic values and principles, often working together on international issues.
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