Examlex
ALR annotations include:
Midpoint Method
A technique used in economics to calculate the percentage change between two values, averaging the initial and final values to estimate elasticity.
Normal Good
A good for which demand increases as the income of the consumer increases, holding all else constant.
Production Capacity
The maximum output that a business can produce in a given period under normal conditions.
Supply
The total amount of a product or service that is available to consumers in the market.
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