Examlex
__________ negotiation focuses on the merits of the issues,and the parties involved try to enlarge the available pie rather than stake claims to certain portions of it.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices during a given time period.
Perfectly Inelastic
Refers to a scenario in which the amount demanded or supplied shows no reaction whatsoever to changes in price.
Total Revenue
The total amount of money earned by a business from the sale of its goods and services.
Price-elastic
Refers to the responsiveness of demand or supply to changes in price, with high elasticity indicating significant response to price changes.
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