Examlex
Epidemiology is the study of disease occurrence, distribution, and cause.
Profit
The financial gain realized when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.
Kinked-demand Curve
A demand curve that has a distinct bend or kink, typically illustrating that a firm in an oligopoly will experience a different elasticity of demand for price increases compared to price decreases.
Price Cut
A reduction in the price of a good or service to attract more customers or boost sales.
Price Increase
A rise in the cost of goods or services, often measured by inflation rates or observed in market prices.
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