Examlex
According to Kelly, constructs are, by definition, verbal statements.
Same Direction
In the context of relationships or trends, indicates movement or change that is parallel or congruent between two or more variables or entities.
Price Elastic
A term related to price elasticity, which measures the responsiveness of the quantity demanded of a good or service to a change in its price.
Fewer Substitutes
A market condition where there are limited alternative products or services available, potentially leading to higher prices or less choice for consumers.
Unit Elastic
Describes a scenario where a change in the price of a good results in a proportional change in the quantity demanded or supplied.
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