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This elasticity range is closer to the average elasticity of water that Dalhuisen and Florax found in their meta-analysis of price elasticity of water demand, averaging −0.38 (range, −1.3 to +0.1) in 282 observations [23].
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Gasoline inventories remain in the upper part of the typical range for this time of year, but U.S. gasoline demand averaged 9.2 million barrels last week, up 1.6% from last year, the Energy Information Administration said Wednesday.
Annual gold demand averages 4,400 tonnes, up over a third in a decade.
Despite raging demand, average prices of both business and consumer PCs will tumble by about 14% this year.
With involvement of the novel parameter into organics oxidation, a universal kinetics was thereafter presented to predict variations of chemical oxygen demand, average current efficiency and power consumption.
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For this reason we divided them into four categories: sports, menswear, ladies wear, and children clothes, and for each type of categories, we used average price, average demand, average holding cost, average shortage cost, and average ordering costs to apply the model.
The target failure measures, that is, probability of failure on demand, average probability of failure on demand, probability of failing safely, average probability of failing safely, and SIL of safety instrumented systems operating in a low demand mode, are evaluated using the proposed MDBNs.
However, final demand growth averaged just 1.3% over this period.
The Department of Homeless Services figures that the winter increase in demand has averaged only 322 a year in the last five years.
Growth in demand has averaged 630,000 barrels a day this year, less than half Goldman's initial forecast for 2014.
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