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If the price elasticity of supply is 0.2,and a price increase led to a 3% increase in quantity supplied,then the price increase is about
Salesperson
An individual who sells goods or services to customers aiming to meet or exceed sales objectives.
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Entails having conversations or debates about a specific topic, often to reach a better understanding or to exchange ideas.
Stimulus-Response
A model or theory in psychology and marketing that describes how an individual or customer reacts to a stimulus (such as an advertisement) with a particular response.
Model
A representation, often simplified, that is used to demonstrate or explain complex processes, structures, or concepts.
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