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When Rebecca and Julie worked together on a project last year, both did more than their share and earned a nice bonus from their boss. Julie was then sent to another state to help set up a new office over the summer, and from her messages on social media, Rebecca could tell that she was working harder than ever. In the fall, when Julie returned to her home office, Rebecca suggested that they work together on a new project. This time, however, things did not go well: Julie seemed to lose interest quickly, and Rebecca began to feel resentful when she realized that she was doing most of the work. What most likely happened?
Units Sold
The number of individual items or products that have been sold over a specific period.
Elasticity
A measure of how much the quantity demanded or supplied of a good or service changes in response to price or other factors.
Tax Burden
Refers to the economic impact of taxes on an individual, corporation, or market, often measured as a percentage of income or GDP.
Price Elastic
A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price.
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