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Case WD 7-2 Tim is creating some new tables to show the sales of pet toys at his pet store. Tim wants to create a simple chart showing the months of the year, and how many toys were sold in each month. To get his table started, Tim should ____.
Long Run
A period in economics sufficient for all markets to adjust to equilibrium, including the adjustment of all production factors and prices of inputs.
Cross-Price Elasticity
A measure of how the demand for one good changes in response to a change in the price of another good.
Substitutes
Products or services that can be used in place of one another; when the price of one increases, the demand for the other may increase as consumers switch to the cheaper option.
Negative
A term indicating something less than zero or lacking in positivity, often used in financial contexts.
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