Examlex
When completing the written report following an assessment,the psychologist ought to be mindful of
Elastic
A characteristic of a product or service that indicates its demand or supply significantly changes with a change in price.
Unit Elasticity
A situation where a change in the price of a product leads to a proportional change in the quantity demanded or supplied.
Demand
The quantity of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.
Unit Elasticity
A circumstance where the percentage variation in the quantity that is either demanded or supplied matches the percentage variation in its price.
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