Examlex
In some multiethnic societies, __________ may be so strong and divisive there may be little likelihood of reducing intergroup conflict.
Price Range
The spread between the highest and lowest prices of goods or services in the market.
Demand
It is the quantity of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.
Perfectly Elastic
Perfectly elastic refers to a situation where the quantity demanded or supplied of a good changes infinitely in response to any change in price, represented by a horizontal demand or supply curve.
Inelastic
Describes a situation where the demand or supply for a product doesn't change significantly when the price of the product changes.
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