Examlex
According to the text,which term defines the unidirectional flow of communication?
Demand
The willingness and ability of consumers to purchase goods or services at various price levels.
Revenue
The earnings a company garners from its principal operations, often through selling products and services to its clientele.
Supply
The total amount of a particular good or service that is available to consumers at a given price level in a given time period.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price; high elasticity indicates sensitivity to price changes.
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