Examlex
Jupiter's strong magnetic field
Very Inelastic
Describing a situation where the demand or supply for a good or service is largely unaffected by changes in price.
Inelastic
A characteristic of a good where its demand does not significantly change with changes in price.
Percentage Change
A mathematical calculation that describes the relative change between an old value and a new value, expressed as a percentage.
Unit Elastic
A situation in demand or supply where a change in price leads to an equal proportionate change in quantity demanded or supplied.
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