Examlex
Write a brief note on parallel importing.
Inelastic
An inelastic good or service has a demand that does not change significantly when its price goes up or down.
Insensitive to Price
A characteristic of demand wherein the quantity demanded by consumers changes very little with a change in the product's price.
Unit Elastic
A situation in economics where the percentage change in quantity demanded is equal to the percentage change in price, resulting in no change in total revenue.
Total Revenue
The overall financial returns a corporation secures by selling products and providing services across a certain interval.
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