Examlex
RNAi
Less Elastic
Describes a demand that is relatively unresponsive to changes in price, indicating that consumers' buying habits do not significantly alter with price fluctuations.
More Elastic
Describes demand that is highly sensitive to changes in price, where consumers significantly alter their quantity demanded with slight price variations.
Price-Discriminating Firm
A company that engages in the practice of charging different prices for the same product in different markets or segments.
Elastic Demand
Refers to a situation where the quantity demanded of a good or service significantly changes in response to a change in price.
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