Examlex
The elasticity of demand for labor measures the percentage change in quantity demanded of labor that occurs as a result of a percentage change in the wage rate.
Rim
The outer edge of a circular object, such as a wheel or a basketball hoop.
Puncture
A small hole made by a sharp object in a surface.
Inflate
To cause to increase in size, volume, or importance, sometimes referring specifically to the increase of prices or the expansion of economic bubbles.
Patch
A small piece of material used to mend or cover a hole or a weak spot.
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