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Identify/define and explain the significance of the following: thermodynamics.
Income Elasticity
A measure of how much the demand for a good or service changes with a change in the consumer's income.
Per Capita
A statistical measure that represents the average per person of a particular indicator, such as income or GDP.
Disposable Income
The sum of funds households can allocate for expenditure and saving once income taxes are deducted.
Barbara Streisand CDs
Compact discs containing music recorded by Barbara Streisand, an American singer, actress, and filmmaker.
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