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consumers will not react; or react only slightly; to a change in price.
in trade when a country can produce a good at a lower cost (using fewer resources) than any...
trade unification between different states by the partial or full abolishing of customs duties...
when the demand for goods and services increases and the production remains the same or does not...
the number of units of the currency of one country that gives the holder the same purchasing...
when consumption by one person does not reduce use by another person.