Examlex
Which of the following is an example of software?
Inferior Good
A type of good for which demand decreases as the income of the consumer increases, opposite to normal goods.
Quantity Demanded
The total amount of a good or service consumers are willing and able to purchase at a given price level.
Increase in Price
A situation where the cost of goods or services rises, potentially due to factors like higher demand, production costs, or inflation.
Supply and Demand
Supply and demand is an economic model that explains the interaction between the availability of a resource and the desire for that resource, affecting its price.
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