Examlex
What does the term gavage mean?
Income Elasticity
A measure of how the demand for a good changes in response to a change in consumers' income.
Confederate Currency
The currency issued by the Confederate States of America during the American Civil War, now considered a collectible item.
Market Price
The prevailing rate at which a good or service is available for purchase or sale in the public market.
Inelastic
A characteristic of demand or supply that signifies a limited response to changes in prices or other economic factors.
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