Examlex
A partner cannot pursue his or her own interest without violating the partner's fiduciary duties to the partnership.
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.
Quantity Demanded
Quantity Demanded is the total amount of a good or service that consumers are willing and able to purchase at a given price, over a specified time period.
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