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Discuss how the Australian financial system manages settlement risk for its market participants.
Price Elasticity
An assessment of the sensitivity of the demand for an item to shifts in its cost.
Strawberry Ice Cream
A frozen dessert made from dairy ingredients such as milk and cream, sweetened and flavored with strawberries.
Price-elastic
A characteristic of a good or service indicating a high sensitivity to changes in its price, where a small price change leads to a significant change in quantity demanded or supplied.
Price Elasticity
A measure of the sensitivity of quantity demanded or supplied to changes in price.
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