Examlex
______ did not seem related to the amount of obedience exhibited in the Milgram obedience.
Price Elasticity of Demand
A measure of how responsive the quantity demanded of a good is to a change in its price, with higher elasticity indicating greater sensitivity.
Demand
The amount of a product or service that buyers are prepared and capable of buying at different price levels over a specified time frame.
Price Elastic
Price elasticity refers to the degree to which the quantity demanded of a good or service changes in response to a change in its price.
Availability of Substitutes
The presence of alternative products or services that can satisfy the same needs or wants as the original product.
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