Examlex
Peter's fear of the white rat transferred to the rabbit, fur coat and cotton. What process did this demonstrate?
Price Volatile
Referring to how quickly and to what extent the price of a commodity or asset can change within a short period of time.
Elastic
Describes a situation in economics where the demand or supply of a good or service is sensitive to changes in price.
Necessity
An indispensable requirement or need for something; often something that is essential for survival or to carry out a specific task.
Luxury Good
A product or service that is considered to be of high quality and high price, often seen as a status symbol.
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