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Ten-Year Period
A duration of ten years used as a measurement of time for planning, analysis, or investment purposes.
Price Elasticity
A measure of how the quantity demanded of a good is affected by a change in its price.
Inelastic
A characteristic of demand when consumers' purchase quantities are not significantly affected by changes in the price of a good or service.
Good Substitutes
Products or services that can be used in place of one another, satisfying the same needs or wants of the consumer.
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