Examlex
Among the Ju/Wasi, the term n/um refers to:
Shifts to the Right
A phrase indicating an increase in supply or demand in economic graphs, typically showing improvement or growth.
Price Effect
Refers to the impact on consumer demand or the quantity demanded of a good when its price changes, holding other factors constant.
Quantity Effect
The change in total revenue resulting from a change in the quantity of a product sold, holding price constant.
Price Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in the price of that good, quantitatively defined as the percentage change in quantity demanded divided by the percentage change in price.
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