Examlex
Fill in the correct labels for the following figure using the word bank below.
-L __________
Chocolate
A sweet, usually brown, food preparation of roasted and ground cacao seeds, often flavored, and available as a solid or liquid.
Unit Elastic
A situation in which the quantity demanded or supplied changes by an equal percentage as the change in price.
Price Elasticity
A measure of how much the quantity demanded of a product changes in response to a change in the product's price.
Demand
The consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.
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