Examlex
Color blindness is caused by mistakes in producing three photopigments in the cones.
Consumer Purchases
This term refers to the buying of goods and services by consumers for their personal use.
Price Elasticity Coefficient
A measure used in economics to show how the quantity demanded of a good or service responds to a change in its price, calculated as the percentage change in quantity demanded divided by the percentage change in price.
Elastic
Describes a situation where the demand or supply of a good or service is sensitive to changes in price.
Perfectly Elastic
A situation where the quantity demanded or supplied changes infinitely in response to any change in price.
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