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Because It Isn't Feasible to Construct Every Movie Set to Scale,models

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Because it isn't feasible to construct every movie set to scale,models are sometimes used to simulate real environments.Looking through a camera that is focused on the model alone,one can easily believe that a tiny model is actually a real city.However,if a real,to-scale object such as a soda can is placed beside the city,we are able to see that the size of the city is a mere


Definitions:

Cut the Price

To reduce the selling price of a product or service.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good changes in response to a change in its price.

Close Substitutes

Products or services that can be used in place of one another with little difference in satisfaction for the consumer, leading to a high cross-elasticity of demand.

Supply

The total amount of a good or service that is available for purchase at any given price level.

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