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If the price elasticity of demand is 0.2, then price is relatively:
Accuracy
The extent to which the outcome of a measurement, calculation, or specification aligns with the accurate value or a norm.
Performance Rating
An assessment of how well an individual, group, or system performs against defined criteria or objectives.
Normal
Pertaining to something that conforms to a standard or a pattern that is usual, typical, or expected.
Trained Employee
An individual who has received instruction and practice in a particular skill or type of behavior for the workplace.
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