Explain the benefits of using a subform for the Sales data in the accompanying figure.
Definitions:
Own Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that same good, reflecting consumers' sensitivity to price changes.
First Law of Demand
The principle that there is an inverse relationship between the price of a good and the quantity demanded, all else being equal.
Quantity Demanded
The amount of a product that consumers are willing and able to purchase at a given price.
Price Falls
A decrease in the cost of goods or services in the market.
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