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- Price Elasticity of Demand: Understand how changes in price impact the quantity demanded and explore the concept of elasticity along the demand curve.
- Income Elasticity: Analyze how changes in income influence consumer demand for goods and services, and grasp the concept of income elasticity.
- Cross-Price Elasticity: Explore the relationship between the prices of two different goods and how changes in one affect the demand for the other.
- Elasticity and Market Dynamics: Investigate how elasticity shapes the dynamics of various markets and influences pricing strategies for businesses.
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