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What is the explanation offered for the risky shift effect?
Price Elasticity
An indicator of the degree to which the demand for a product reacts to shifts in its price, showing how susceptible demand is to price fluctuations.
Equation
A mathematical statement that asserts the equality of two expressions, usually written with an equals sign ("=").
Midpoint Method
A technique used in economics to calculate the elasticity of demand or supply by taking the average of the starting and ending prices and quantities.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating how prices can affect consumer purchasing decisions.
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