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When a new theory is proposed,
Bumper Crop
An unusually large agricultural harvest, often leading to excess supply and possibly lower prices.
Price Elastic
A measure of how much the quantity demanded of a good or service changes in response to a change in its price.
Income Inelastic
A situation where the demand for a good does not significantly change with a change in consumer's income.
Real Prices
Prices that have been adjusted for inflation, reflecting the true purchasing power of money over time.
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