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单词 perfectly inelastic demand
释义

perfectly inelastic demand

Definition
A situation that occurs when the overall consumer requirements for a particular good or service do not vary when its price changes. A business that produces a good with a virtually perfect inelastic demand curve would usually be able to set their price for the good at a high level to sustain the current level of consumer demand.
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更新时间:2025/1/22 19:32:22