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Which of the following is likely to have the most price elastic demand?
Preventive Maintenance
Scheduled maintenance tasks performed on equipment and machinery to prevent unexpected breakdowns and to ensure operational efficiency.
System Needs Service
A condition indicating that a system requires maintenance, repair, or updating to ensure optimal performance or functionality.
Failures
Instances of a system, component, or process not performing as expected or ceasing to function entirely.
Catastrophic
describes an event causing sudden and extensive damage or suffering; often unforeseeable and with significant impact.
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