Examlex
A __________________ is a claim against a customer's inventory when the individual items are indistinguishable.
Normal Good
A good for which demand increases as the income of the consumer increases, holding all else constant.
Production Capacity
The maximum output that a business can produce in a given period under normal conditions.
Supply
The total amount of a product or service that is available to consumers in the market.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, quantified as the percentage change in quantity demanded divided by the percentage change in price.
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