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Elasticity of Demand
A measure of how much the demand for a product changes in response to a change in the price of that product.
Deadweight Loss
The inefficiency in economics that emerges when there is a failure to achieve or an inability to achieve equilibrium for any good or service.
Bread
A staple food made from dough of flour and water, usually by baking, and a common component of many diets worldwide.
Donuts
A type of fried dough confection or dessert food, often circular, with a hole in the center and various toppings or fillings.
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