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Match Each Definition in the First Column to the Correct

question 15

Multiple Choice

Match each definition in the first column to the correct term in the second column.
-When partly digested food enters the duodenum,this organ squirts bile into the small intestine.


Definitions:

Unit Elastic

Describes a scenario where a change in the price of a good results in a proportional change in the quantity demanded or supplied.

Total Revenue

The total amount of money a firm receives by selling goods or services.

Price Elastic

Describes the responsiveness of the quantity demanded or supplied of a good to a change in its price; high elasticity indicates a significant response to price changes.

More Substitutes

The increase in alternative products or services that can replace or serve as options to a current product.

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