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Elasticity Coefficient
A numeric value that measures the responsiveness of the quantity demanded or supplied of a good to a change in one of its determinants, such as price.
Perfectly Inelastic
A situation where the demand for a product does not change in response to changes in price; the demand curve is perfectly vertical.
Gas-guzzler Automobiles
Describes vehicles that are inefficient in their fuel consumption, typically with lower miles per gallon.
Japanese Fuel-efficient Cars
Automobiles produced by Japanese manufacturers known for their high fuel efficiency and innovative engineering.
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