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Which of the following would result in a higher absolute value of the price elasticity of demand for a product?
Model Business Corporation Act
A set of model laws designed to standardize and simplify the legal structure of corporations across the United States.
Ratifies
The act of officially confirming or endorsing a decision, making it formally valid.
Adoption
In corporation law, a corporation’s acceptance of a preincorporation contract by action of its board of directors, by which the corporation becomes liable on the contract.
Novation
The act of replacing one obligation with a new one, extinguishing the original obligation.
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