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The relationships between elasticity and total revenue hold because:
Evolutionary Theory
A scientific theory which posits that all species of organisms arise and develop through natural selection of small, inherited variations that increase the individual’s ability to compete, survive, and reproduce.
Social Learning Theorists
Scholars who study and explain how individuals learn social behaviors through observing others, imitating modeled behaviors, and being rewarded or punished.
Imitate Behaviours
The action of copying or mimicking the actions, speech, or mannerisms of others as a form of learning or social adaptation.
Evolved
Pertaining to the gradual development of something, often biological traits, over generations through the processes of natural selection and adaptation.
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