Examlex
If net exports increase, but neither government expenditure nor net taxes change, investment must increase.
Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers.
Inelastic
A situation in which the demand or supply for a good or service is relatively unresponsive to changes in price.
Price Elasticity
The measurement of demand's elasticity to price changes for a particular good.
Midpoint Formula
A method used in mathematics to calculate the midpoint, or average, of two points on a line segment.
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