Examlex
When a restaurant claims that it sells the world's best cup of coffee,it could be accused of
Business Travelers
Individuals who travel primarily for business purposes, such as meetings, conferences, and networking.
Lower Price
When the cost of a good or service decreases relative to previous pricing levels, making it more affordable.
Price Discrimination
Price discrimination involves charging different prices to different consumers for the same product or service, based on willingness to pay, location, or other distinguishing factors.
Inelastic Demand
Refers to a situation where demand for a product does not significantly change with a change in the product's price.
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