Examlex
Which statement best describes a corporation?
Normal Good
A good for which demand increases as the income of consumers increase, holding other factors constant.
Inferior Good
A type of good for which demand decreases as the income of individuals increases, inverse to typical goods.
Price Range
The spread between the highest and lowest price of a commodity, security, or asset over a given period.
Demand
The desire and ability of consumers to purchase goods and services at given prices.
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