Examlex
Why is a plume model used in air, soils, and other dispersion calculations?
Highly Inelastic
Describing a situation where the quantity demanded or supplied changes very little in response to changes in price.
Quantity Demanded
The amount of a product consumers are willing to buy at a specific price, differentiating from the total market demand.
Relatively Inelastic
Relatively inelastic describes a scenario where the demand or supply for a product changes only slightly in response to changes in price.
Unitary Elasticity
A situation in which the percentage change in quantity demanded or supplied is equal to the percentage change in price.
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