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If the Hubble telescope detects an intensely bright region in the sky that lasts only a few days, it has probably found evidence of a
Income Elasticity
A measure of how much the demand for a good changes in response to a change in consumer income.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period of time.
Cross-Price Elasticity
The responsiveness level of the quantity of a product needed when there's a fluctuation in the price of another product.
Cross-Price Elasticity
An assessment of how changes in the price of one good affect the demand for another good.
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