Examlex
Conservation biologists use emergency action strategies to establish biologically diverse reserves that are rich in plant and animal species and fall under the protection of the "Wilderness Act of 1964."
Demand for Health Care
The total amount of health care services that consumers are willing and able to purchase at a given price level.
Price-Inelastic
A characteristic of a product or service whose demand does not significantly change with a change in its price.
Budget Constraint
The limitation on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.
Luxury
Goods or services that are considered non-essential but desirable and associated with high-quality and high price.
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