Examlex
Which of the following is not one of the generic frames discussed in the media coverage of various marginalized groups (i.e.race / ethnic groups) ?
Price-Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage.
Perfectly Inelastic
A situation where the quantity demanded or supplied does not change in response to a price change.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price, with high elasticity indicating sensitivity to price changes.
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