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This figure shows two sections of rocks.What is the youngest unit?
Price Elasticity of Demand
An indicator of consumer sensitivity to price fluctuations, represented by the degree to which the demand for a product varies in response to alterations in its price.
Absolute Value
The distance of a number from zero on a number line, without considering its direction; always a positive number or zero.
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Price Elasticity of Demand
The degree to which the quantity demanded of a good changes in response to a change in its price.
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