Examlex
In Canada,about ______ of any increase in the unemployment rate is due to longer unemployment spells (longer duration) and about _________ of any increase in the unemployment rate is due to more people becoming unemployed (higher incidence) .
Price Discriminate
Price discrimination is the practice of selling the same product or service at different prices to different customers, often based on willingness to pay, without a corresponding cost difference.
Complementary Demand
Refers to products or services for which the demand increases or decreases together because they are used together, like smartphones and data plans.
Double Markup
A pricing strategy where a product is marked up twice before it reaches the final consumer: first by the wholesaler then by the retailer, leading to a higher final price.
Upstream Firms
Companies involved in the early stages of production or supply chain, such as raw material extraction or initial processing, before manufacturing.
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