Examlex
User acceptance testing (UAT) determines if the system satisfies the user and business requirements.
Substitutes Available
Products or services that can be used in place of one another, providing consumers with choices in the marketplace.
Elastic
Describes a situation in which the quantity demanded or supplied changes significantly in response to a change in price.
Demand
The desire of consumers, backed by the ability and readiness to purchase, for specific goods or services at a given time.
Downward-Sloping
A graphical representation indicating a decrease or decline in value or quantity when plotted against another variable, often used in economics to describe demand curves.
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