Examlex
List and explain two skills involved in scientific thinking.
Price Elasticity
A measure of the sensitivity of quantity demanded or supplied to changes in price.
Teeth Whitening
A cosmetic dental procedure aimed at lightening the color of teeth to improve appearance by removing stains and discoloration.
Elastic
Describes demand that is sensitive to price changes, where a small change in price results in a significant change in the quantity demanded or supplied.
Dropping Price
A strategy involving the reduction of the price of a product or service with the aim of attracting more customers or selling off surplus stock.
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