Examlex
Adoption studies are not without a number of problems such as:
Elasticity
A measure in economics of how the quantity demanded or supplied of a good changes in response to changes in price or other factors.
Considered Elastic
A description for goods or services whose demand or supply is significantly responsive to changes in price.
Unit Elastic
Describes a demand or supply scenario where a percentage change in price leads to an equal percentage change in quantity demanded or supplied.
Quantity Demanded
The aggregate quantity of a product or service that customers are ready and capable of buying at a certain price point.
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