Examlex
Wish fulfillment-a symbolic attempt to realize an unfulfilled desire. The discharge of a tension by imagining a satisfying situation.
More Inelastic
Describing a situation where the demand for a good or service is less sensitive to changes in price, indicating consumers are less likely to reduce their quantity demanded as the price increases.
Elastic Demand
A situation in which the quantity demanded of a good or service significantly changes in response to a change in price.
Close Substitutes
Products or services that can easily replace one another in usage or consumption.
Demand Curves
Graphs showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.
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