Examlex
Match the following:
-Ventral
More Inelastic
Referring to a situation where a product's demand or supply is less responsive to changes in price.
Cross Elasticity
A measure of the responsiveness of the demand for one product in relation to a change in the price of another product.
Substitutes
Goods or services that can be used in place of each other.
Elastic
A term that describes the sensitivity of the demand for a good or service to a change in its price, with "elastic" demand being significantly responsive to price changes.
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