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As a result of a poor growing season, the supply curve of apples shifted leftward, the equilibrium price of apples rose, and total revenue fell. This suggests that the price elasticity of demand for apples is
Intrinsic Benefits
Advantages or positive aspects inherent to something, not dependent on external factors.
Benefit
An advantage, gain, or positive outcome derived from a situation, action, or policy.
Maslow's Hierarchy
A theory in psychology proposed by Abraham Maslow, depicting a five-tier model of human needs, arranged in a hierarchy from basic needs to self-actualization.
Self-Actualization
The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.
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