Examlex
Which of the following will most likely happen when better technology is used in production?
Demand Inelasticity
A situation where the demand for a product does not change significantly with a change in its price.
Wendy's Hamburgers
A popular fast-food chain known for its burgers, recognized for its square hamburger patties.
Fast Food
A type of mass-produced food designed for commercial resale and with a strong priority placed on "speed of service" versus other relevant factors involved in culinary science.
Price Floor
A government or group-imposed price control or limit on how low a price can be charged for a product.
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