Examlex
Which could be used to locate relevant journal articles?
Elasticity of Demand
An assessment of the extent to which the demand for a product or service varies following a price alteration.
Tongue Depressors
Tool used in medical practice to hold down the tongue to examine the mouth and throat.
Total Revenue
The total income received by a firm from selling its goods or services before any costs or expenses are deducted.
Elastic
Describing a situation in which the supply or demand for a good or service is highly responsive to changes in price.
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