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Which of the following substances is an excellent conductor of electricity ?
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Price Elasticity of Demand
An indicator showing the reaction of the demand for a product to alterations in its price.
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The additional amount that a consumer is willing to pay for a product over its basic market price due to perceived higher quality, brand, or other distinguishing factors.
Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage change.
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