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What is the most effective method of birth control?
Inelastic Portion
The segment of a demand curve where the quantity demanded changes very little with a change in price.
Demand Curve
A graphical representation of the relationship between the price of a good and the quantity demanded by consumers.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price, with higher elasticity indicating greater sensitivity.
Elastic
Describes demand that is highly responsive to changes in price, where a small price change leads to a large change in quantity demanded.
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