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If demand is elastic,then the elasticity of demand is
Wages
Payments made to employees by employers in exchange for work performed, typically calculated on an hourly or piecework basis.
Trade Instruments
Financial products and contracts used in international and domestic trade to facilitate commercial transactions and manage risk.
Exemption
A legal provision relieving a person or entity from a general requirement, duty, or penalty.
Seize
To take possession of something, often by legal authority, because of a rule or law.
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