Examlex
Today,the pathways of photosynthesis and cellular respiration are complementary and relatively balanced,but early in the history of life on Earth,photosynthesis appears to have dominated.One piece of evidence that suggests the early dominance of photosynthesis is the
Inelastic
Characterized by a low responsiveness of quantity demanded or supplied when there is a price change, signifying that changes in price have minimal impact on consumers' purchasing behavior.
Price Elastic
Describes a situation where the demand or supply of a good or service is highly sensitive to changes in price.
Measures
Measures refer to quantitative tools or methods used for assessing, comparing, or tracking performance or progress.
Elasticity
A measure of how much the quantity demanded or supplied of a good or service changes in response to changes in price, income, or other factors.
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