Examlex
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Supply
A schedule or curve that shows the various amounts of a product that producers are willing and able to make available for sale at each of a series of possible prices during a specified period of time.
Elastic
A characteristic of a good or service indicating that its quantity demanded or supplied changes significantly when there is a change in price.
Elasticity Of Supply
A measure of how much the quantity supplied of a good changes in response to a change in price.
Shifting Resources
The process of reallocating resources from one use to another, often in response to changes in market conditions or economic priorities.
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