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If price is cut and demand is elastic, total revenue will rise because
Piaget's Processes
Cognitive development theories proposed by Jean Piaget that describe how children develop logical thinking from infancy through adolescence.
Assimilation
The cognitive process by which new information is interpreted and integrated into existing knowledge structures or schemas.
Piaget's Processes
The cognitive developmental stages defined by Jean Piaget that detail how children's thinking evolves with age, including sensorimotor, preoperational, concrete operational, and formal operational stages.
Assimilation
The cognitive process by which new information is interpreted or transformed to fit into existing knowledge or schemas.
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