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Gina is recalling the time last year that she hiked up a big hill in the rain with a bunch of her friends. What kind of memory is this?
Resale of Goods
The act of selling previously purchased products, often used, to another party.
Price-Inelastic
Describes a situation where the demand for a product does not significantly change with a change in its price.
Price-Elastic
A characteristic of a good or service that indicates the demand for it changes significantly when its price changes.
Demand Pay
Compensation determined by the desirability or demand for specific job skills in the labor market.
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