Examlex
The amount of air that can be inspired above the tidal volume is called .
Slutsky Equation
A formula that decomposes the effect of a price change into a substitution effect and an income effect on the consumption of goods.
Extra Income Effect
The change in an individual's consumption choices resulting from a change in real income, due to factors other than a direct income increase.
Endowment
The total resources available to an individual or entity, which can include wealth, assets, or resources in an economic context.
Normal Good
A type of good for which demand increases as the income of individuals increases, holding everything else constant.
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