Examlex
Grid computing is high-powered data processing performed in support of our country's electric grid.
Price Elastic
Describes how sensitive demand for a product or service is to changes in its price; high elasticity indicates significant demand change with price fluctuations.
Nondiscretionary
Pertaining to expenses that are essential and not subject to personal choice, such as food, housing, and utilities.
Demand Curve
A graph showing the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at different prices.
Consumer Incomes
The financial resources available to consumers, influencing their ability to purchase goods and services.
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