Examlex
The vertical dyadic relationship in LMX is established by
Many Substitutes
Refers to a situation where numerous alternative products or services are available for consumers, often leading to competitive markets.
Inelastic Demand Curve
A demand curve that shows a small change in quantity demanded despite large changes in price, indicating consumers' necessity or lack of substitutes.
Motor Vehicles
Wheeled vehicles that are motorized or mechanically propelled, used for transportation of people, goods, or both.
Household Electricity
Electrical power supplied to homes, used for operating appliances, lighting, and other domestic purposes.
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