Examlex
Another name for sector bargaining might be:
Inelastic
A description of a good's demand when consumers’ demand for it does not significantly change with a change in the good's price.
Total Revenue
The total income received by a firm from its sales of goods or services, calculated as the quantity sold times the price per unit.
Price Lowered
A decrease in the cost of a good or service to consumers.
Price Elasticity
A measure of the responsiveness of quantity demanded or supplied of a good to a change in its price.
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