Examlex
The implied warranty of habitability does not apply to substantial physical defects that a landlord has had a reasonable time to repair.
Clean Air
The condition of the atmosphere when it is free from pollutants, contaminants, and other harmful substances.
Network Externality
The effect that an additional user of a good or service has on the value of that product to others, often increasing the utility as more people use it.
Elastic
Refers to the responsiveness of the quantity demanded or supplied of a good to a change in its price.
Inelastic
Describes a situation where a change in the price of a good or service has a relatively small effect on the quantity demanded or supplied.
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