Examlex
Dolphins use ________ to conserve body heat.
Quantity Consumers
Refers to the number of individual buyers or units purchased in the market.
Income Effect
Refers to the change in the quantity of a product demanded by consumers due to a change in their income.
Price Sensitivity
The degree to which the price of a product or service affects consumers' purchasing behaviors or demand for that product or service.
Elastic
Describes a situation in economics where the demand or supply for a product changes significantly when its price changes.
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