Examlex
During periods of congestion, which two impacts are of traffic shaping on traffic flows? (Choose two.)
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price, indicating how sensitive consumers are to price changes.
Substitutes
Goods or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.
Relatively Inelastic
Describes a situation where the demand or supply for a good or service changes only slightly in response to changes in price.
Price Elastic
Refers to a situation where the demand or supply for a product or service significantly changes in response to its price change.
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