Examlex
If the price of natural gas rises,when is the price elasticity of demand likely to be the highest?
Substitute Good
A product or service that consumers can use in place of another product or service, fulfilling a similar need or want.
Complementary
Referring to goods or services that enhance or add value to each other when used or consumed together.
Demand Curve
A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.
Right Shift
In programming, it refers to an operation that shifts the bits of a binary number to the right, effectively dividing the number by two. In politics, it refers to a move towards more conservative policies.
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