Examlex
The following is indicative that binary relationships only exist among entity types X,Y,and Z found on a form:
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded, typically downward sloping.
Supply Curve
A graph showing the relationship between the price of a good and the quantity of that good that suppliers are willing to sell at each price level.
Elastic
Describes a situation in which the quantity demanded or supplied of a good or service changes significantly in response to a change in price.
Total Revenues
The total amount of income generated by the sale of goods or services related to a company's primary operations.
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