Examlex
Predict the correct product of the following reaction.
Market Changes
Alterations or shifts in the conditions of a market, which can include changes in consumer preferences, technological advancements, or variations in supply and demand.
Necessity
A good or service that is essential for survival and basic quality of life, such as food and shelter.
Few Substitutes
A market condition where there are limited alternatives available for a particular product or service, potentially leading to higher prices.
Price-Inelastic
Describes a situation where the demand for a good or service is relatively unchanged despite changes in its price.
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