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Price Elasticity
A measure of how much the quantity demanded or supplied of a good changes in response to a change in its price.
Demand Curve
A visual chart that illustrates how the quantity of a product or service desired by buyers varies with its price.
Unitary Elasticity
A situation in economics where a change in the price of a good or service results in a proportional change in the quantity demanded or supplied.
Sandwich Shop
A food establishment that specializes in selling sandwiches and often other types of lunch food and beverages.
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