Examlex
Quantitative data is data in the form of:
Market Structures
The organizational and other characteristics of a market, including the number and size of firms, extent of competition, and type of product differentiation, impacting the behaviour and profitability of businesses within the market.
Quantity Effect
The change in total revenue resulting from a unit change in quantity sold, while holding price constant.
Price Effect
Describes how changes in prices impact the quantity supplied and demanded in a market.
Downward-Sloping Demand
A market condition reflected in a demand curve where the quantity demanded of a good decreases as the price of that good increases, and vice versa.
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