Examlex
This hormone is produced by the placenta and if present in the mother's blood or urine is an indication of pregnancy.
Price Range
The spread between the highest and lowest selling price of a product or service over a certain period of time.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices during a certain time period.
Perfectly Elastic
Describes a situation where the quantity demanded or supplied of a product responds infinitely to even the smallest change in price.
Inelastic
Refers to a situation where the demand or supply of a good or service is relatively unresponsive to changes in price.
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