Examlex
Replacement of copper wiring with fiber-optic cables is an example of __________.
Number of Substitutes
The quantity of alternative products or services that consumers can choose from in a market.
Absolute Value
A number’s distance from zero on the number line, without considering direction; always a positive value or zero.
Price Elasticity
A measure of how the quantity demanded of a good changes in response to a change in its price.
Gas Sales
The commercial activity of selling gaseous fuels, such as natural gas or propane, to consumers.
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