Examlex
The Virginia Plan proposed a system of representation in the national legislature that was based on
Discriminating
The act of making a distinction or differentiating between items, people, or situations, often based on specific criteria.
Price Discrimination
A pricing strategy where a seller charges different prices for the same product or service to different consumers, based on their willingness to pay.
Durable Good
A consumer good with an expected life (use) of three or more years.
Elastic Demand
A situation in which the demand for a product or service changes significantly in response to changes in price.
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