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A Treasury bill with a par value of $100,000 due one month from now is selling today for $99,010. The effective annual yield is
Inferior Good
A good for which demand decreases as consumer income rises, unlike normal goods, for which demand increases as consumer income rises.
Cross Elasticity of Demand
A measure of how the quantity demanded of one good responds to a change in the price of another good.
Soft Drinks
Non-alcoholic beverages that are typically carbonated and contain various flavorings and sweeteners.
Cross Elasticity of Demand
A measure of the responsiveness of demand for a good to a change in the price of another good, showing the degree of substitutability or complementarity between them.
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