Examlex
David Ricardo:
One-Of-A-Kind
An item or phenomenon that is unique and has no identical counterpart.
Perfectly Inelastic
A market condition where the quantity demanded or supplied does not change regardless of price fluctuations.
Cross Elasticity
Measures how the quantity demanded of one good responds to a change in the price of another good, indicating their degree of substitutability or complementarity.
Specific Product
A product distinguished by its unique characteristics or identified for a particular use or market.
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