Examlex
A pigeon's tendency to peck at a key light that has been paired with the noncontingent delivery of food is known as _________.
Substitutes Available
Other products or services that can be used in place of a particular good or service.
Inelastic
A demand or supply that is not significantly altered by changes in price.
Demand
The amount of a product or service buyers are prepared and can afford to buy at different price levels within a given timeframe.
Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage change.
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