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Of the seismic waves,P waves
Price Elasticity
An indicator of the sensitivity of consumer demand for a product to variations in its price, reflecting how significantly the amount of the product consumers want to buy alters with price adjustments.
Raise Profits
Strategies or actions undertaken by a firm to increase the difference between its total revenues and total costs.
Two-part Tariff
A pricing strategy that consists of two parts: a fixed fee plus a variable charge based on the quantity of the product or service used.
Marginal Cost
The rise in expenditure from the production of a supplementary unit of a product or service.
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