Examlex
Larry Kotter has just learned that his company has been reading the e-mail messages he has sent while at work without getting his permission.Harry can sue the company for invasion of privacy under the Electronic Communications Privacy Act of 1997.
Perfectly Price Elastic
This refers to a situation where the demand for a product or service changes infinitely with a very small change in price.
Supply Curve
A graphical representation that shows the relationship between the price of a good or service and the quantity supplied by producers.
Horizontal
A direction or plane that runs parallel to the ground or horizon.
Income Elasticity
A measure of how much the demand for a product or service changes with a change in consumers' income.
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