Examlex
Which one of the following is NOT one of the three categories of terrestrial life based on their DNA characteristics?
Elastic
Describes a situation in which the supply or demand for a good or service significantly changes in response to price changes.
Elasticity of Demand
An indicator of the variation in the amount of a good or service desired with respect to its price fluctuation.
Slightly Inelastic
Describes demand or supply that is only marginally responsive to changes in price, with the quantity demanded or supplied changing by a smaller percentage than the price change.
Quantity Supplied
The amount of a good or service that producers are willing and able to sell at a given price over a specific period.
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