Examlex
The __________ rests in the selected person on death of a life tenant.
Inelastic
A characteristic of demand or supply that signifies a limited response to changes in prices or other economic factors.
Unit Elastic
A situation where a percentage change in the price of a good results in an equal percentage change in the quantity demanded.
Inelastic
Describes a situation where the demand or supply for a good or service is not significantly altered when the price changes.
Elastic
Elastic describes a situation in economics where the quantity demanded or supplied changes significantly in response to price changes.
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