Examlex
A computer programmed to act like an IP telephone is known as a(n) ____.
Salience
The quality of being particularly noticeable or important; prominence.
Demand
The desire and ability of consumers to purchase goods and services at a given price.
Elastic
Describes a situation in economics where the demand for or supply of a good is sensitive to changes in price, meaning a small change in price leads to a significant change in quantity demanded or supplied.
Inelastic
A characteristic of goods whose demand does not change significantly when the price of the good changes.
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