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If demand is inelastic, the absolute value of the price elasticity of demand is
Interpretation
The process of assigning meaning to information, signs, and symbols in various contexts.
Sensory Input
Information that is received by the senses (such as sight, sound, touch, taste, and smell) and then interpreted by the brain.
Perceptual Constancy
A psychological phenomenon in which the perception of an object remains unchanged despite variations in its presentation or viewing conditions such as lighting, angle, or distance.
Proximal Stimuli
The stimuli that directly interact with the senses, as opposed to distal stimuli which are objects and events in the environment that provide information for the proximal stimuli.
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