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Price and total revenue move in inverse directions when demand is
Semantic Symbols
Signs or objects that represent something else based on convention, association, or resemblance with shared meaning within a cultural or social group.
Primacy Effect
The tendency to remember information at the beginning of a list better than the information that follows.
Recency Effect
The tendency to recall the last items in a sequence more readily than those in the middle.
Sensory Decay
The decline in the ability of a sensory system to detect or accurately interpret information over time or due to external factors.
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