Examlex
Which of the following terms is used to describe any substance, such as a drug, chemical, or virus, that can bring about a birth defect?
Price Elastic
Relating to the responsiveness of the demand or supply of a good or service to changes in its price.
Price Elasticity
A measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price level.
Inelastic
A description of a situation where the demand or supply for a good or service is relatively unresponsive to changes in price.
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