Examlex
One of the most important lessons that Denis Hayes has learned after decades of environmental work is that democracy works when people are paying attention to the facts!
Supply
The total amount of a good or service that is available for purchase at any given price level.
Antiques
Items of high value due to their considerable age and historical significance, often collected or used for investment.
Inelastic
Describes a situation where the demand or supply for a good or service is relatively unresponsive to changes in price.
Price-elasticity Coefficient
A measure of how much the quantity demanded of a good responds to a change in the price of that good, calculated as the percentage change in quantity demanded divided by the percentage change in price.
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