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There is a Hunger within all of us. Not in the literal sense of wanting more food, but a need to acquire data, knowledge, compositions. A while ago, this concept would flow with the idea of economic demand. The people’s desire to acquire things in a market was mapped out with a demand curve. This curve shows the various levels of demand that people have for different products and different prices.

“Price elasticity of demand is the quantitative measure of consumer behavior that indicates the quantity of demand of a product or service depending on its increase or decrease in price.”