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If a firm lowered the price of the product it sells and found that total revenue did not change, then the demand for its product is
Flexibility
The ability to adapt to new, different, or changing requirements.
Caveat Emptor
A Latin phrase meaning "let the buyer beware," implying that the responsibility for due diligence before a purchase lies with the buyer.
Regulations
Rules or directives made and maintained by authorities that govern behaviors or activities.
Minimal Education
Refers to the lowest level of formal education or training necessary for a particular job or position.
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