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Change in Income
The variation, either increase or decrease, in the amount of money earned by individuals or households over time.
Elasticity of Demand
A measure of how the quantity demanded of a good or service changes in response to a change in its price.
Senior-Citizen Discounts
Reduced prices offered to elderly customers, typically those who have reached a specified age, as a benefit or marketing tool.
Cash Rebates
A refund or discount on the purchase price of a product or service, often used as a promotional tactic by retailers and manufacturers.
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