Examlex
Which of the following arguments would render the discovery of a 100 MSUN star with less than 0.5 percent massive elements most intriguing?
Inelastic Demand
A situation in which demand for a good or service is barely affected by changes in price.
Elastic Demand
When consumer demand for a product significantly rises or falls following a small change in its price.
Price Discrimination
The practice of selling the same product to different buyers at different prices, based on factors other than cost.
Consumer Surplus
The difference between the total amount consumers are willing to pay for a good or service and the actual amount they pay.
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