Examlex
In addition to making and receiving calls and text messages,smart phones allow users to surf the Internet,receive and send e-mail,check their schedules,and open and edit documents.
Price Elasticity
measures how much the quantity demanded of a good responds to a change in the price of that good.
Elastic
Refers to a situation where the demand or supply for a product or service significantly changes in response to price changes.
Coefficient
In algebraic expressions, it's the numerical or fixed quantity that comes before and multiplies the variable.
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.
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