Examlex
Explain what parsimony is,and why it is preferred in constructing phylogenetic trees.
Market Demand Curve
A graphical representation of the quantity of goods demanded at different prices by all consumers in the market.
Export Demand
is the desire and willingness of foreign buyers to purchase goods and services from a country, influenced by factors such as price, quality, and exchange rates.
Elastic Demand
A situation in which the demand for a product or service greatly changes in response to a change in price. High price sensitivity.
Price Elasticity
A measure of how much the quantity demanded of a good or service changes in response to a change in its price.
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