Examlex
How is technology affecting management today?
Negative
In the context of economics, denotes a situation or indicator that reflects a decrease, deficit, or detrimental condition.
Inelastic Supply
A situation where the quantity supplied of a good or service is not significantly influenced by changes in price.
Quantity Supplied
The total amount of a product that producers are willing and able to sell at a given price over a specified period.
Elastic
Describes a situation in economics where the quantity demanded or supplied of a good or service greatly changes in response to changes in price.
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