Examlex
Refraction only occurs when light crosses a boundary between different substances.
Derived Demand
A demand for a commodity, service, etc., that is a consequence of the demand for something else.
Elasticity of Demand
Refers to the degree to which the quantity demanded of a good or service varies with its price.
Demand Curve
A graph illustrating the relationship between the price of a good and the quantity demanded by consumers at those prices, typically downward sloping.
Business-to-Business (B₂B)
Commercial transactions or engagements between two businesses, rather than between a company and individual consumers.
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