Examlex
Match each definition in the first column to the correct term in the second column.
-When partly digested food enters the duodenum,this organ squirts bile into the small intestine.
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.
Total Revenue
The total amount of money a firm receives by selling goods or services.
Price Elastic
Describes the responsiveness of the quantity demanded or supplied of a good to a change in its price; high elasticity indicates a significant response to price changes.
More Substitutes
The increase in alternative products or services that can replace or serve as options to a current product.
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