Examlex
Which of the following supported Philip II in his creation of a disciplined army and new military technology?
Most Elastic
Refers to the responsiveness of demand or supply to changes in price or income, with "most elastic" indicating the greatest sensitivity.
Quantity Demanded
The sum total of a service or good that individuals are interested in buying and can afford at an established price.
Price
The monetary contribution expected, required, or made for acquiring something.
Most Inelastic
Describes goods or services with a demand that is least responsive to price changes; price changes have little effect on the quantity demanded.
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