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Most simple requests can be handled by explaining
Demand Curve
Represents a graph showing the relationship between the price of a good and the quantity demanded by consumers at those prices, usually downward sloping.
Price Elasticity
The measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a ratio.
Monopolistic
Referring to a market structure in which there is only one producer/seller for a product or service, or very few, leading to limited competition.
Gray Marketing
The legal, but unofficial, distribution of products through channels not authorized by the original manufacturer or trademark owner.
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