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Why are military bases difficult to close, and how has Congress dealt with this problem?
Price Elasticity
A measure of the sensitivity of demand for a product relative to changes in its price.
Minus Sign
A symbol (-) used to indicate subtraction or to represent a negative value.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price point, at a specific time.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price, indicating the sensitivity of demand to price changes.
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