Examlex
According to your text, members of which of the following groups tend to be cosmopolitan and professional with large buying power.
Buyers
Persons or organizations that buy products or services.
Sellers
Entities or individuals who make goods or services available for purchase by consumers or businesses.
Price Elastic
A measure of how much the quantity demanded of a good responds to a change in its price; high elasticity indicates a significant change in quantity with price changes.
Supply Curve
A graphical representation of the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply to the market.
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