Examlex
Which of the following are the five primary emotions?
Quantity Demanded
The amount of a product that consumers are willing and able to purchase at a given price.
Price Falls
A decrease in the cost of goods or services in the market.
Price Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in its price, with high elasticity indicating a significant response to price changes.
Sensitivity of Quantity
The responsiveness of the quantity demanded or supplied of a product to changes in its price or other factors.
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