Examlex
Today,many vendors offer diversified tools,some of which are completely preprogrammed (called shells) .How are these shells utilized?
OPEC Oil Cartel
An international organization of oil-producing countries that coordinates and unifies the petroleum policies of its member states to stabilize oil markets and prices.
Inelastic
Describing demand that does not significantly change with the price changes of a good or service.
Income Elasticities
Refers to the sensitivity of the demand for a good to changes in the income of the consumers who buy this good.
Normal Goods
Products that see an increase in demand when consumer income grows, and experience a drop in demand as consumer income declines.
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