Examlex
Where would you expect to find the best archaeological preservation for ancient textiles?
Demand Elastic
Referring to a situation where the quantity demanded of a good or service significantly changes in response to a change in its price.
Price-Elasticity Coefficient
A numeric value that measures how much the quantity demanded of a good responds to a change in the price of that good, indicative of its price sensitivity.
Price Reduction
A decrease in the selling price of goods or services, often intended to stimulate demand or respond to competitive market pressures.
Price Elasticity
The measure of how responsive the quantity demanded or supplied of a good or service is to a change in its price.
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