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The accelerator effect can increase the demand for a product.
Money Income
The total amount of monetary earnings received by an individual or household from various sources, including wages, salaries, and investments.
Electric Automobile
A vehicle that is powered entirely or partially by electricity, offering an alternative to traditional fossil fuel-powered cars.
Complementary Goods
Products that are used together, where the consumption of one enhances the value or demand of the other.
Inferior Goods
Products whose demand decreases as the income of the consumer increases, contrasting with normal goods.
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