Examlex
A(n) _____ merge field includes the recipient's title, name, street, city, state, and ZIP code.
Price Elastic
Describes how sensitive the demand for a good is to changes in its price; highly elastic demand means consumers will significantly reduce buying with small price increases.
Price Inelastic
Describes a situation where the demand for a good is not very responsive to price changes, meaning consumers buy roughly the same amount regardless of price fluctuations.
Necessity
An essential good or service required for basic survival or societal functioning.
Elastic Demand
describes a market situation where the demand for a product significantly changes in response to changes in its price.
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