Examlex
Which of the following is NOT a result of fair trade policies?
Demand Increase
A situation where the quantity of a good or service that consumers are willing and able to purchase at a given price rises.
Perfectly Inelastic
A scenario where the quantity demanded or supplied of a good does not change regardless of changes in its price.
Price Range
The spread between the highest and lowest selling price of a good or service in a particular market over a certain period of time.
Supply
The total amount of a product or service that is available for purchase at a given price over a specific time period.
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