Examlex
Define race and ethnicity.How do they differ?
Cross-Price Elasticity
A measure of how the demand for one product changes in response to a price change of another product.
Cereal
Grasses cultivated for the edible components of their grain, consisting of the endosperm, germ, and bran; also a common breakfast food made from processed grain.
Milk
A nutrient-rich liquid food produced by the mammary glands of mammals, commonly consumed by humans and used in a variety of dairy products.
Inelastic Demand
A situation where the demand for a good or service is relatively unaffected by changes in price.
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