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_____ Are Designed to Draw Data in Real Time from Various

question 80

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_____ are designed to draw data in real time from various sources,including corporate databases and spreadsheets,so decision makers can make use of up-to-the-minute data.


Definitions:

Demand Elasticity

The measure of how much the quantity demanded of a good responds to a change in the price of that good, reflecting consumer sensitivity to price changes.

Marginal Revenue

The additional income earned from selling one more unit of a product or service.

Demand Inelastic

A situation where the demand for a product does not change significantly with a change in price.

Price Elasticity

A measure of how much the quantity demanded of a good or service changes in response to a change in its price.

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