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There have been five mass extinctions in the last 450 million years. What are some of the possible cataclysmic events that lead to these mass extinctions?
Luxury Items
Goods and services that are considered non-essential but desirable, often characterized by their high quality, exclusivity, and high price.
Necessities
Basic needs or essential goods and services required for individuals to maintain a minimum standard of living, such as food, shelter, and healthcare.
Cross-Price Elasticity
A measure of the responsiveness of demand for one good to a change in the price of another good.
Quantity Demanded
The total amount of a good or service consumers are willing and able to purchase at a given price in a specified period.
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