Examlex
Each record of a data source must contain all fields from the header row but the fields do not have to be in the same order.
Income Elasticity
A measure of how much the demand for a product changes in relation to a change in consumers' incomes.
Luxuries
Items or services that are considered non-essential but desirable, typically associated with high quality and a higher price.
Inelastic Demand
A situation where the quantity demanded of a good or service changes minimally in response to price changes.
Total Revenue
The total amount of money received by a company for goods sold or services provided during a certain period of time.
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