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PPI stands for producer price index. It is an index of the prices of a representative basket of...
the quantity demanded or supplied will change depending on changes in the price.
measures how consumers respond to a change in the price.
a measure of how producers will react to a change in the price.
consumers will not react; or react only slightly; to a change in price.
the supply decreases very little in relation to a large change in price.
producers that can influence the total market supply or the price of the products.