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What is an attribution?
Elasticities
Measures of how much the quantity demanded or supplied of a good responds to changes in price, income, or other factors.
Elasticity
A measure of how much the quantity demanded or supplied of a good changes in response to a change in price.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price.
Change in Price
The variation in the price level of goods or services over a period of time.
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