Examlex
Jargon is normally a product of formal education.
Rectangular Hyperbola
A curve representing a relationship between two variables wherein the product of the two variables is constant, commonly used in economics to describe certain elasticities.
Price Elasticity
A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price, indicating how changes in price affect consumption or production.
Slope
In mathematics, the measure of the steepness or angle of a line, defined as the ratio between the rise and the run between two points on the line.
Rectangular Hyperbola
A type of curve, defined as the graph of an equation of the form xy = c, where c is a constant, representing certain economic relationships.
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