Examlex
Which six-year-old is most likely to be distressed by the fact that she has a new baby brother?
Consumer Demand
The desire and willingness of consumers to purchase goods and services at given prices, which can fluctuate based on a variety of factors including income and preferences.
Price Range
The spread between the highest and lowest selling price of a product or service over a certain period of time.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices during a certain time period.
Perfectly Elastic
Describes a situation where the quantity demanded or supplied of a product responds infinitely to even the smallest change in price.
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