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The semilunar valves open when the
Fixed Costs
Costs that do not change with the level of output or sales, such as rent, salaries, and insurance premiums.
Small
Referring to something of limited size, amount, or scale when compared to others of the same category.
Sensitivity
The quality of being easily affected by outside forces or influences, often used in discussing market sensitivity to price changes or consumer sensitivity to environmental issues.
Price Elasticity
An economic concept that describes the degree to which the demand for a product or service varies with its price.
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