Examlex
CAP
Price Elasticity Coefficient
A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating sensitivity to price changes.
Farm Products
Goods that are produced by farming activities, such as crops, livestock, and other agricultural commodities.
Agricultural Products
Goods derived from farming and agriculture, including crops, livestock, and other raw materials.
Demand Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating consumers' sensitivity to price changes.
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