Examlex
Delayed hypersensitivity is due to the effects of the humoral part of the immune system.
Socially Optimal Price
The price of a good or service that reflects the external costs and benefits to society, aiming to achieve the most efficient allocation of resources.
Big Data
Extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.
Reservation Price
The maximum or minimum price at which a consumer is willing to buy or sell a good or service.
Elastic Demand
A situation where the demand for a product or service significantly changes in response to a change in price.
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