Examlex
An increase in the price of a good will cause a decrease in the demand for a complementary good.
Elastic
Refers to the responsiveness of demand or supply to changes in price or income.
Percentage Change
A mathematical calculation that represents the degree of change over time, expressed as a percentage.
Elasticity Coefficient
A numerical measure of how responsive the quantity demanded or supplied of a good or service is to changes in its price or other factors.
Tax on Cigarettes
A financial charge imposed on the sale of cigarettes, often used as a public health tool to discourage smoking and to raise revenue for health initiatives.
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