Examlex
Determine whether the event is independent or dependent.
-A telephone pollster has the names and telephone numbers of 50 voters, 20 of whom are registered Democrats and 30 of whom are registered Republicans. After each call, she removes that person's name from her list. Her first two calls are to Republicans.
Very Elastic
Refers to a situation in which the demand or supply for a product changes significantly in response to price changes, indicating high sensitivity.
Elastic Demand Curve
A demand curve characterized by a high sensitivity of quantity demanded to changes in price, indicating that a small price change results in a large change in quantity demanded.
Heating Oil
A low viscosity, liquid petroleum product used as a fuel for furnaces or boilers in buildings.
New Automobile
A recently manufactured vehicle intended for personal transportation, featuring the latest technology and design.
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