Examlex
What's the difference between "good" and "bad" ozone?
Inelastic Supply
describes a situation where the quantity supplied of a good is not significantly affected 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.
Price Rise
An increase in the general level of prices for goods or services over a period of time.
Elasticity Coefficient
A measure of how much the quantity demanded or supplied of a good changes in response to a change in price.
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