Examlex
Computer chips and microprocessors are examples of hard technology.
Market Supply Curve
A graphical representation of the quantity of goods and services that suppliers are willing and able to supply at different price levels over a given time period.
Perfectly Elastic
A situation in economics where the quantity demanded or supplied changes infinitely in response to any change in price.
Drug-Interdiction Policies
Drug-interdiction policies consist of measures and efforts made by governments or organizations to halt the illegal production, distribution, and consumption of drugs.
Price Inelastic
A characteristic of goods for which demand does not significantly change with a change in price.
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