Examlex
Hill argued that development consists of four elements,which include:
Very Elastic
Refers to a situation in which the demand or supply for a product changes significantly in response to price changes, indicating high sensitivity.
Elastic Demand Curve
A demand curve characterized by a high sensitivity of quantity demanded to changes in price, indicating that a small price change results in a large change in quantity demanded.
Heating Oil
A low viscosity, liquid petroleum product used as a fuel for furnaces or boilers in buildings.
New Automobile
A recently manufactured vehicle intended for personal transportation, featuring the latest technology and design.
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