Examlex
Demand is relatively elastic when the price elasticity coefficient exceeds 1.0.
Ratio
A quantitative relationship between two numbers, showing how many times one value is contained within another.
Liabilities
Financial obligations or debts that a business owes to others, which must be paid back in the future.
Owner's Equity
The residual interest in the assets of a company after deducting liabilities, representing ownership interest.
Ratio
A quantitative relationship between two numbers, showing how many times one value contains or is contained by the other.
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