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The Order That Runners Finish in a Race Would Be

question 32

True/False

The order that runners finish in a race would be an example of continuous data.


Definitions:

Demand Elastic

Describes how sensitive the quantity demanded of a product is to a change in its price.

Total Revenue

The overall amount of money generated by a firm from its sales activities before any costs or expenses are deducted.

Unit Price

The cost per unit of quantity of a product, which allows for easy comparison of cost efficiency between different products or services.

Demand Elastic

Refers to how sensitive the quantity demanded of a good is to a change in its price.

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