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The most important distinction between the scientific method and casual observation is that scientific inquiry is more:
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price, indicating the sensitivity of demand to price changes.
Most Elastic
Refers to the responsiveness of demand or supply to changes in price or income, with "most elastic" indicating the greatest sensitivity.
Quantity Demanded
The sum total of a service or good that individuals are interested in buying and can afford at an established price.
Price
The monetary contribution expected, required, or made for acquiring something.
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