Examlex
That lawmakers often end up passing what the public seems to support, at least as shown through surveys, does not necessarily mean that the will of the people consistently influences what Congress does.This is because:
Quantity Demanded
The complete sum of a particular good or service that purchasers are prepared and financially able to buy at a certain price.
Elasticity Measures
Quantitative tools used to analyze how much the quantity demanded of a good responds to changes in price, income levels, or other factors, reflecting the sensitivity of demand to changes.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating its sensitivity to price changes.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.
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