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The Key Component of Smog Is

question 14

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The key component of smog is


Definitions:

Product

Anything that can be offered to a market to satisfy a want or need, including goods, services, and ideas.

Income Elasticity

A measure of how the demand for a good or service changes in relation to a change in income.

Good

A tangible product that satisfies human wants or needs.

Service

An (intangible) act or use for which a consumer, firm, or government is willing to pay.

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