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Why can citing electronic sources be challenging? What is the best advice for citing electronic sources when you are unsure about the required format?
Price Elasticity Coefficient
A measure used in economics to show how the quantity demanded of a good or service responds to a change in its price, calculated as the percentage change in quantity demanded divided by the percentage change in price.
Elastic
Describes a situation where the demand or supply of a good or service is sensitive to changes in price.
Perfectly Elastic
A situation where the quantity demanded or supplied changes infinitely in response to any change in price.
Total Revenue
The overall income generated by a business through the sale of goods or the delivery of services within a certain period.
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