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The long-run price elasticity of demand for a good is
Empirical Proof
Evidence that serves to either support or counter a scientific theory or hypothesis, obtained through direct observation or experimentation.
Operational Definition
A clear, precise definition of a term in a study, based on the specific operations or procedures used to determine its presence.
Observed And Measured
The process of collecting data through direct observation and quantification of phenomena or behaviors.
Research Methods
The techniques and procedures used to conduct scientific studies and gather empirical data.
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