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When the Percentage Change in Quantity Demanded Is Less Than

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When the percentage change in quantity demanded is less than the percentage change in price that brought it about,demand is said to be


Definitions:

Battery Pack

A collection of battery cells or batteries grouped together in a single casing, supplying electric power to a device.

Functioning Time

The duration for which a system or device operates effectively without failure.

Standard Deviation

Standard deviation is a measure of the amount of variation or dispersion of a set of values, indicating how much the values deviate from the mean.

Swimming Time

The duration it takes for a swimmer to complete a prescribed distance under specific conditions.

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