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Scientists have been able to show that organisms as different as fruit flies and dogs share a majority of their genes.In these investigations, scientists compare the DNA of two or more organisms by looking for similarities in nucleotide _______.
Price Effect
The impact on consumer demand and supply of goods caused by changes in the price of a product or service.
Quantity Effect
The impact on the total quantity bought or sold in a market as a result of changes in price.
Least Elastic
Refers to the good or service with the least sensitivity to changes in price, meaning the quantity demanded or supplied changes very little with price changes.
Immediate Market Period
A very short time frame in market analysis where the supply of goods is fixed.
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