Examlex
The land that played the key role of middleman for Chinese trade with India was
Percentage Change
A mathematical calculation that describes the degree of change over time, representing the difference as a percentage of the original figure.
Perfectly Inelastic
Describes a situation where the demand or supply for a good or service does not change in response to price changes.
Price Elasticity
An evaluation of how the requested quantity of a merchandise alters in response to price adjustments.
Perfectly Inelastic
A market condition where the quantity demanded does not change as the price changes.
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