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D'Holbach points out that without the doctrine of free will, the notion of just punishment crumbles: that religion could not justify God's sending people to hell for their sins, and the Law could not justify its system of punishments without the doctrine. Do you agree with d'Holbach?
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, with elasticity greater than one indicating a responsive market.
Inelastic
Describing a situation where a change in the price of a good or service has a relatively small effect on the quantity demanded or supplied.
Price Elasticity
The responsiveness of the quantity demanded or supplied of a good to a change in its price, commonly referred to in economics as price elasticity of demand or supply.
Quantity Demanded
The total amount of a good or service that consumers are willing to buy at a given price over a specified period.
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