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Under IFRS, the Term "Probable" Indicates a Threshold of Probability

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Under IFRS, the term "probable" indicates a threshold of probability that is substantially more than a 50 percent chance of occurrence.


Definitions:

Price Elasticity

It quantifies the sensitivity of the quantity demanded or supplied to alterations in its price.

Midpoint Formula

A mathematical formula used to find the exact middle point between two points on a line segment, commonly used in economics to calculate the elasticity of demand or supply.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the goods' sensitivity to price changes.

Price Elasticity

An indicator of the responsiveness of the quantity of a good demanded to its price variations, showing how sensitive the buyers are to changes in price.

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