Examlex
It is not necessary to locate a visual aid close to its reference in the text because it will have a title that will allow the reader to find it easily.
Perfectly Competitive Industry
An industry characterized by many small firms, identical products sold by all firms, no barriers to entry or exit, and perfect information among consumers and producers.
AC
Short for Air Conditioning, a system for controlling the humidity, ventilation, and temperature in a building or vehicle.
Price Effect
The impact on consumer behavior and purchase decisions resulting from a change in the price of a good or service.
Quantity Effect
The variation in overall income derived from altering the amount of a product sold, while keeping its price stable.
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