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The price of a bag of pretzels rises from $2 to $3 and the quantity demanded decreases from 100 to 60.What is the price elasticity of demand?
Depletion
The allocation of the cost of natural resources over their useful life, reflecting the consumption of the resource.
Metal Ores
Naturally occurring minerals from which metals can be extracted economically.
Amortization
Amortization refers to the process of gradually writing off the initial cost of an asset over a period.
Expense Account
An account that records the costs of operating a business.
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