Examlex
Results from a call-level application program interface query are returned as:
Network Externality
The effect that an additional user of a good or service has on the value of that product to others, often increasing the utility as more people use it.
Elastic
Refers to the responsiveness of the quantity demanded or supplied of a good to a change in its price.
Inelastic
Describes a situation where a change in the price of a good or service has a relatively small effect on the quantity demanded or supplied.
Network Externalities
The effect that the number or size of users of a product or service has on the value of that product or service to other users.
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