Using Intialisms Such as BTW and ASAP Is Acceptable in Casual

question 13

True/False

Using intialisms such as BTW and ASAP is acceptable in casual business emails.

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Definitions:

Income Elasticity

A measure of how much the demand for a good changes in response to a change in consumers' income.

Quantity Demanded

The overall volume of a specific good or service that consumers intend and have the means to acquire at a given price.

Unit Elastic

A situation in which the percentage change in quantity demanded is equal to the percentage change in price, leading to a unitary elasticity of demand.