Examlex
What kind of file does Adobe Reader allow you to view?
Price Increase
A Price Increase refers to a rise in the cost of goods or services that can occur due to various factors like inflation, increased production costs, or higher demand.
Immediate Market Period
A very short time frame in economics during which the supply of a good is completely fixed and cannot respond to changes in demand.
Supply
The total amount of a product or service that is available to consumers, which can vary based on price, production costs, and other factors.
Elastic
A term used in economics to describe the sensitivity of the demand or supply of a good or service to changes in its price.
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