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Of the college students below, who is most likely to "hook up"?
Total Revenue
The total income generated by a firm from the sale of goods or services before any costs or expenses are subtracted.
Income Elasticity
A measure of how much the demand for a good or service changes in response to changes in consumer income.
Demand Increase
A situation where the quantity of a product or service that consumers are willing and able to buy at a given price rises.
Price Elasticity
The sensitivity measure of demand for a good relative to its price changes.
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