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Own Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, ceteris paribus.
Cell Phones
Portable electronic devices that enable users to make voice calls, send text messages, and access various forms of digital media and internet services.
Pay Phone Industry
The business sector involved in providing public telephones that operate with the insertion of coins or by credit card payments.
Unitary Elastic
In economics, it describes a situation where a change in the price of a good or service results in a proportional change in the quantity demanded or supplied.
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