Examlex
What type of inhibitor binds to the enzyme but does not bind at the active site?
Substitution Effect
The change in the consumption pattern of goods or services due to a change in their relative prices, causing consumers to replace more expensive items with cheaper alternatives.
Income Effect
The change in the quantity demanded of a good resulting from a change in consumer income, holding prices constant.
Inelastic Demand
A situation where the demand for a product does not significantly change with a change in price.
Total Revenues
The overall amount of money generated from sales of goods or services before deducting any expenses.
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