Examlex
People of different cultures have different ideas about what is acceptable interpersonal space and can carry a sexual connotation,such as men holding hands may raise eyebrows in the Middle East.
Inelastic
Describes a situation where the demand or supply for a good or service is not significantly altered when the price changes.
Elastic
Elastic describes a situation in economics where the quantity demanded or supplied changes significantly in response to price changes.
Price Elasticity
The extent to which changes in price affect the demand for a specific good.
Completely Inelastic
A situation where the quantity demanded or supplied does not change regardless of changes in price.
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