Examlex
A sustainable food system is one that
Perfectly Inelastic
A situation where demand does not change at all in response to changes in price.
Quantity Supplied
The total amount of a good or service that producers are willing and able to sell at a certain price over a specified period.
Price Effect
The impact on consumer demand and company revenue as the cost of a good or service changes.
Quantity Effect
The impact on total revenue that results from changing the quantity of goods or services sold, holding all else constant.
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