Examlex
________ Labia minora
Revenue
The total amount of money generated by the sale of goods or services before any costs or expenses are deducted.
Unit Price Elastic
A condition where a change in the price of a good or service has a proportional change in the quantity demanded or supplied.
Quantity Demanded
The overall quantity of a product or service that customers are ready to buy at a particular price during a defined timeframe.
Normal Good
A normal good is a type of good for which demand increases when income increases, and falls when income decreases but price remains constant.
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