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Author Question: A necessity (such as food and shelter) generally has an inelastic demand. Indicate whether the ... (Read 158 times) |
Did you know?
About 100 new prescription or over-the-counter drugs come into the U.S. market every year.
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Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.
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The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."
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Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.
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Excessive alcohol use costs the country approximately $235 billion every year.