Examlex
Which one of the following occurs when bright light hits the eye?
Inferior Good
A type of good for which demand decreases as the income of the consumer increases.
Inferior Good
A type of good whose demand decreases when consumer incomes increase.
Normal Good
An item that sees a rise in desire when the income of buyers increases, and experiences a decline in demand when the income of buyers drops.
Consumer Expectations
Anticipations of future prices, product quality, or available services that influence consumer decisions on spending and saving.
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