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Name the four basic taste sensations, describe the new fifth taste, tell how sensitive humans are to each taste and how this difference in sensitivity may have prevented poisonings, and explain why there are so many different flavors if only four (or five)tastes exist.
Midpoint Formula
A mathematical method used to find the midpoint or average between two points, often used in economics to calculate price or quantity averages.
Price Inelastic
Describes a situation where the demand for a product does not change significantly with a change in its price.
Total Revenue
The overall amount of money generated by a firm from its business activities, typically from the sale of goods and services before any costs are subtracted.
Midpoint Formula
A mathematical method used to calculate the elasticity of demand or supply, measuring the percentage change in quantity relative to a percentage change in price.
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