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Describe the chemical composition and structure of DNA.
Quantity Demanded
The total amount of a good or service consumers are willing to purchase at a specific price level at a given time.
Elastic Demand
Elastic demand indicates that the quantity demanded of a good or service significantly changes in response to a change in price.
Necessity
Essential goods or services required for basic living and welfare of individuals.
Luxury
High-quality goods or services that are not essential but are highly desired and associated with wealth or indulgence.
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