Examlex
When a bond sells at more than its face amount,the market rate of interest is ________.
Marginal Product
The increase in output that results from adding one more unit of a specific input, while keeping other inputs constant.
Substitutability
The degree to which one good can be replaced by another in consumption or production without affecting consumer satisfaction or output.
Price Elasticity of Demand
A gauge of demand elasticity in reaction to price adjustments for a particular commodity.
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