Examlex
The replacement of a tissue or organ with cells or tissues from another animal is called xenotransplantation.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as the percentage change in quantity demanded divided by the percentage change in price.
Midpoint Formula
A method for calculating the percentage change in a variable by dividing the change by the average of the initial and final values, often used in economics to measure elasticity.
Labor Supply
The total hours that workers are willing and able to work at a given wage rate, in a given time period.
Elastic
In economics, elastic refers to how the quantity demanded or supplied of a good responds to changes in its price; high elasticity indicates sensitivity to price changes.
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