Examlex
Which statement is NOT true of human chromosomes?
Inelastic
Describes a situation where the demand or supply for a good or service is relatively unresponsive to changes in price.
Elastic
Describes a situation in economics where the supply or demand for a good or service significantly changes in response to changes in price.
Price Ceiling
A legal maximum price that can be charged for a particular good or service, aiming to keep prices affordable.
Equilibrium Price
The price at which the quantity of goods supplied is equal to the quantity of goods demanded in the market.
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