Examlex
What is a mortgage?
Inelastic
A characteristic of goods or services for which demand does not significantly change with a change in price.
Price Range
The difference between the lowest and highest prices within a given market.
Price Inelastic
Refers to a condition where the demand for a good does not significantly change with a change in its price.
Bumper Crop
An exceptionally large harvest of crops in a given season, often beyond what was expected, typically resulting in decreased prices due to increased supply.
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