Examlex
List the five of the seven choice points made by humanitarian leaders as discussed in the text.
Price Elasticity
A measure of how much the demand for a product or service changes in response to a change in its price, indicating its sensitivity or responsiveness.
Arc Elasticity
A measure of a variable's sensitivity or responsiveness to changes in another variable, calculated over a specific range or 'arc'.
Price of Oranges
The cost at which oranges are sold or bought in the market.
Inelastic
Describes demand that is not very sensitive to changes in price, meaning that quantity demanded changes little when prices change.
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