Examlex
There are many obvious environmental influences on obesity; is there any evidence for a genetic/biological explanation? Use research evidence to support your answer.
Price Elasticity
The extent to which the amount of a good that is sought after moves due to a difference in price.
Price Reduction
A decrease in the amount charged for a good or service, often used as a sales strategy to increase demand or respond to excess supply.
Demand Elastic
The responsiveness of the quantity demanded of a good or service to a change in its price; higher elasticity means consumers are more sensitive to price changes.
Price Elastic
A term describing how responsive the demand for a good is to a change in its price.
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