Examlex
All of the following are true EXCEPT ____.
Bus Service
A form of public transportation that operates with a set schedule and route, providing transportation services to passengers.
More Elastic
Describes a demand or supply curve that shows a greater sensitivity to changes in price; a small change in price results in a larger change in quantity demanded or supplied.
Consumer Price
The price that end-users or consumers pay for goods or services, including taxes and distribution expenses.
More Elastic
Refers to a situation where the quantity demanded or supplied of a good or service is more sensitive to changes in price.
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