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According to May,freedom comes from understanding our
Income Elasticity of Demand
An indicator of the variation in demand for a product based on changes in consumer income.
Used Clothing
Clothing that has been previously worn and is often sold at lower prices than new clothing; it's part of the second-hand market.
Income Elasticity of Demand
A measure of how much the quantity demanded of a good changes as a consumer's income changes.
Consumers' Incomes
The total amount of money earned by consumers, which affects their purchasing power and demand for goods and services.
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