Examlex
A volume of air has a temperature of 0 degrees Celsius. An equal volume of air that is twice as hot has a temperature of
Price Range
The difference between the highest and lowest prices in a given market during a specific period of time.
Supply
The total amount of a good or service available for purchase at any given price level in a given market.
Inelastic
Describes a situation where the demand or supply for a good or service is not significantly changed by variations in price.
Elastic
Describes a situation in which the demand or supply for a good or service significantly changes in response to a change in price.
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