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For a particular good,a 2 percent increase in price causes a 12 percent decrease in quantity demanded.Which of the following statements is most likely applicable to this good?
Cutbank
The steep bank typically found on the outside bend of a river or stream, formed by the erosion process of flowing water.
Sinuosity
A measure of how much a river meanders or curves compared to the straight path down its valley.
Esker
A long, winding ridge of stratified sand and gravel, typically in a serpentine shape, formed by retreating glaciers or ice sheets.
Narrow Canyons
Deep, slender valleys with steep sides, carved by the erosive force of flowing water over geological time scales.
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