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Structural problems contribute to both unemployment and underemployment. Corporations have been disinvesting in the United States, displacing millions of people from their jobs. Economists refer to this displacement as the __________ of America.
Price Elasticity of Demand
An indicator of the sensitivity of the demand for a product to variations in its price.
Midpoint Method
A technique used to calculate the elasticity of demand or supply between two points on a curve by averaging the two points' prices and quantities.
Cable TV Service
A subscription-based service that delivers television programming through coaxial or fiber-optic cables.
Inelastic
Describing demand or supply with little to no response to changes in price.
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