Examlex
All of the following are characteristic of a rotavirus infection except
Inelastic
A description of a situation where the demand or supply for a good or service is relatively unresponsive to changes in price.
Price Elasticity
A measure of how much the quantity demanded or supplied of a good changes in response to a change in its price, indicating the sensitivity of demand or supply to price changes.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price, holding all other factors constant.
Inelastic
Refers to a scenario in which a change in price leads to a comparatively small change in the quantity demanded or supplied.
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