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Price Elasticity
An indicator of the extent to which the demand or supply for a product shifts following a variation in its cost.
Metric System
A decimal system of units based on the meter, kilogram, second, etc., used for scientific and most international measures.
Elastic Demand
A scenario in which the need for a product or service drastically shifts due to variations in its cost.
Increase Revenue
Increasing revenue refers to actions or strategies aimed at raising the total amount of money generated from sales of goods or services.
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