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Within a team applying Agile methods, face-to-face communication replaces
Income Elasticity
It quantifies the sensitivity of the quantity demanded for a good to a change in consumer incomes, highlighting how demand varies as income levels shift.
Price Elasticity
A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price.
Supply
The total quantity of a product or service that is available for purchase at a given price and time.
Elastic Supply
A situation where the quantity supplied of a good or service changes significantly when its price changes.
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