Examlex
Justin's bank employs tellers and ATMs.Both are able to serve clients in the exact same way and therefore are perfect substitutes.Describe the elasticity of substitution between the two inputs.
Selling Price
The amount of money for which a product or service is sold to the buyer.
Markdown Percentage
The reduction percentage applied to an item's retail price to stimulate sales or clear out inventory.
Hand-painted Stemware
Glassware for drinks that has been decorated by hand with paint, often featuring intricate designs or patterns.
List Price
The manufacturer's suggested retail price or the price at which a product is commonly sold to the public.
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