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Demand is said to be inelastic if
Fair Value
The amount one would obtain from the sale of an asset or the cost incurred to settle a liability in a smooth transaction involving market players on the date of valuation.
Gross Margin
The difference between revenue and cost of goods sold, divided by revenue, expressed as a percentage.
Unrealized Profits
Profits that have been generated on paper through an investment but have not yet been realized through a sale.
Cost Method
An accounting method used to value an investment, where the investment is recorded at its acquisition cost without reflecting changes in market value.
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