Examlex
Advances in technology such as personal computers and cellular telecommunications are indicated in the supply graph by a movement along the supply curve.
Perfectly Inelastic
A situation in demand where the quantity demanded does not change in response to changes in price.
Quantity Supplied
Quantity supplied is the amount of a good or service that producers are willing and able to sell at a certain price over a given period.
Price
The cost of buying a good or service, influenced by different elements like supply and demand dynamics.
Rises
An increase, typically referring to prices, quantities, or levels in an economic context.
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