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Talk about:
-France's Second Republic
Price Elasticity
An evaluation of consumers' reaction in terms of the quantity of a good they demand when its price changes, indicating their price sensitivity.
Quantity Supplied
The amount of a good or service that producers are willing and able to sell at a specific price over a given period of time.
Price Rise
An increase in the cost of goods or services, often influenced by factors like supply and demand, inflation, or production costs.
Supply Elasticity
The degree to which the supply of a commodity reacts to shifts in its market price.
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