Examlex
For the following dataset, what does rel. f equal for the value "5"?
[2, 3, 5, 1, 2, 3, 5, 1, 2, 5]
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price, with high elasticity indicating significant response and low elasticity indicating little to no response.
Oranges
A citrus fruit commonly consumed worldwide, both fresh and in juice form, and used as a commodity in agricultural markets.
Cross-Price Elasticity
A measure of how the quantity demanded of one good responds to a change in the price of another good.
Croissants
A type of light, flaky pastry originating from France.
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