Examlex
A principal is always directly responsible for an agent's misrepresentation made within the scope of the agent's authority.
Cable TV Service
A subscription-based service that delivers television programming through coaxial or fiber-optic cables.
Inelastic
Describing demand or supply with little to no response to changes in price.
Quantity Demanded
The amount of a good or service that consumers are willing to purchase at a given price over a specified period.
Price Elasticity
A measure in economics of how the quantity demanded of a good or service changes in response to a change in its price.
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