Examlex
The utilitarian philosopher Peter Singer maintains that in calculating which action will produce the greatest overall satisfaction of interests,we must:
Price Range
The difference between the highest and lowest prices in a given market during a specific period of time.
Supply
The total amount of a good or service available for purchase at any given price level in a given market.
Inelastic
Describes a situation where the demand or supply for a good or service is not significantly changed by variations in price.
Elastic
Describes a situation in which the demand or supply for a good or service significantly changes in response to a change in price.
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