Examlex
________ is the process by which Congress "checks" the executive branch to ensure that laws are being administered in keeping with legislators' intentions.
Price Range
The spread between the highest and lowest selling price of a good or service in a market over a certain period of time.
Total Revenues
The total amount of money generated by a firm from its sales activities before any expenses are subtracted.
Elastic
A description of a variable's sensitivity to change in another variable, often used in economics to describe how demand or supply responds to changes in price.
Price-elasticity Coefficient
A measure that calculates how much the quantity demanded of a good responds to a change in its price, quantitatively.
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