Examlex
The principal benefit of the American Community Survey is that it contains data that are more timely than those from a census.
Elasticity Supply
An indicator of the extent to which the supply of a product is sensitive to price fluctuations.
Straight-Line Demand
A demand curve that displays a constant relationship between price and quantity demanded, represented graphically as a straight line.
Price Ranges
The spectrum of possible prices at which a good or service can be bought or sold, varying by market conditions, quality, location, and other factors.
Elasticity
A concept that measures the responsiveness of one variable in relation to changes in another variable, often used in economics to describe how changes in price affect supply or demand.
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