Examlex
You really want your date to like you and to agree to go out again. At the end of the night, it is best to ask him/her for __________.
Inelastic
A characteristic of a good or service whose demand does not significantly change with a change in its price.
Perfectly Elastic
A situation in economics where any small change in the price of a good or service will result in an infinite amount of change in the quantity demanded or supplied.
Total Revenue
The total amount of money earned by a firm from the sale of its products or services before any costs or expenses are subtracted.
Equilibrium Quantity
The amount of products or services offered and sought after at the balance price.
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