Examlex
The Focus on Neuroscience box, "Brain Reward When Making Eye Contact with Attractive People," described an fMRI study in which participants were scanned while looking at photographs of different faces. What were the results of the study?
Inelastic
Describing demand that is relatively unresponsive to changes in price.
Quantity Demanded
This is the total amount of a good or service that consumers want to buy at a specific price level, within a certain period.
Derived Demand
The demand for a factor of production or intermediate good that occurs as a result of the demand for another good or service.
Marginal Productivity
The additional output that results from using one more unit of a particular input, holding all other inputs constant.
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