Examlex
Suppose that good X is a luxury and that good Y is a necessity. Which good would you expect to have more price inelastic demand?
Freight Charges
Costs incurred for transporting goods from one place to another by sea, air, or land.
Trade Discount
A reduction in the listed price of goods or services offered by sellers to buyers in a commercial transaction.
Customer Discount
A reduction in the price of goods or services offered to customers, usually to encourage prompt payment or increase sales volume.
Trade Discounts
A reduction in the listed price of a product or service, offered by sellers to buyers in the commercial market.
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