Examlex
The combining form extern/o- means ________.
Price Elasticity
measures how much the quantity demanded of a good changes in response to a change in the price of that good.
Absolute Value
The absolute value refers to a number's magnitude irrespective of its sign, essentially measuring how far away the number is from zero along the numerical line.
Complementary Good
A complementary good is a product or service that adds value to another product or service when both are used together, leading to an increase in demand for one when the price of the other decreases.
Inferior Good
An inferior good is one where demand decreases as the income of the consumer increases, opposed to a normal good where demand increases with an increase in income.
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