Examlex
The energy of the ground state in the Bohr model of the hydrogen atom is -13.6 eV.The energy of the n = 2 state of hydrogen in this model is closest to
Substitution Effect
The substitution effect occurs when consumers replace more expensive items with less costly alternatives.
Income Effect
A change in the quantity demanded of a good or service as a result of a change in real income (purchasing power).
Inferior Good
A type of good for which demand declines as the income of individuals or the economy increases, opposite to normal goods.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute a cheaper good for a more expensive one.
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