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After You Click the Yes,Start Enforcing Protection Button to Restrict

question 41

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After you click the Yes,Start Enforcing Protection button to restrict editing,:


Definitions:

Relatively Inelastic

A term used to describe a situation where the demand or supply for a good or service is less responsive to changes in price.

Total Revenue

The total income that a company receives from its normal business activities, usually from the sale of goods and services to customers.

Inelastic Demand

A situation where the quantity demanded of a good or service changes little when its price changes.

Elastic Demand

A situation where the demand for a good or service significantly changes in response to changes in price.

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