Examlex
What are the steps involved in using the scientific method?
Resell Products
The act of selling again or selling something that one has bought, to another consumer or market.
Inelastic Demand
A situation where the demand for a product does not change significantly with a change in its price.
Price-Discriminating
A pricing strategy where a company charges different prices for the same product or service to different market segments based on willingness to pay.
Elastic Demand
Refers to a market situation where the quantity demanded of a product is highly responsive to changes in its price.
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