Examlex
Scientific analyses of the predictive powers of dreams offer support for the existence of
Substitutable
Describes goods or services that can serve as replacements for each other, fulfilling similar needs or desires for consumers.
Unit-elastic
Unit-elastic refers to a situation in which the percentage change in quantity demanded or supplied is equal to the percentage change in price.
Elasticity
A measure of how much the quantity demanded or supplied of a good changes in response to a change in price.
Elasticity
A measure of the responsiveness of demand or supply to changes in price, income, or other economic factors.
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