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Which of the following is the method of choice for measuring temperature in neonates?
Normal Goods
Goods for which demand increases as consumer income rises, and decreases when consumer income falls.
Interest Rate
The cost of borrowing money or the return on investment, expressed as a percentage, charged by lenders to borrowers for the use of their money.
Substitution Effect
The change in demand for a good or service caused by a change in its price, making consumers replace it with a cheaper alternative.
Income Effect
A change in consumption patterns resulting from a change in real income due to variations in prices, other factors remaining constant.
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