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If the price of a good increases by 5% and the quantity demanded decreases by 10%, then at that price, the good is
Cost
The amount of money required to purchase, produce, or maintain something.
Categorical
Pertains to data that can be divided into specific groups or categories that are mutually exclusive.
Categorical Data
Data that can be divided into groups or categories that do not have a numerical value or order.
Attributes
Characteristics or properties of objects in a dataset, often used in data analysis to describe elements accurately.
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