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The Changes in Prices of Other Products Affect the Demand

question 59

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The changes in prices of other products affect the demand for an item. This is a phenomenon called ________.


Definitions:

Debt Ratio

A financial ratio that measures the extent of a company's or individual's leverage, calculated by dividing total liabilities by total assets.

Services Revenue

Income earned by a company through the provision of services to customers.

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account.

Asset Accounts

Accounts on a company's balance sheet that represent the resources owned by the company which have economic value and can provide future benefits.

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