Examlex
Which of the following is the most important cause of construction fatalities?
Deadweight Loss
A reduction in economic effectiveness occurring when a good or service doesn't attain market equilibrium in an unrestricted market scenario.
Elastic Supply
A situation where the quantity supplied changes significantly in response to changes in price.
Elastic Demand
A situation where the demand for a product or service significantly changes in response to a change in price.
Inelastic Supply
A situation where the quantity supplied of a good is not significantly affected by a change in price.
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