Examlex
Prestige pricing (setting a high price to convey an image of high quality or uniqueness) is a pricing tactic that reflects competitive advantage.
Elapses
Refers to the passage of time or the process of something coming to an end or expiring.
Inelastic Demand
Describes a situation where the demand for a good or service changes little when its price changes.
Total Revenue
The total amount of money generated from the sale of goods or services.
Decrease
A reduction in quantity, size, intensity, or the number of something.
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