Examlex
Which of the following statements about irritable bowel syndrome (IBS) is false?
Income Effect
The change in consumption resulting from a change in real income, typically due to a change in prices, that can increase or decrease purchasing power.
Affordable Consumption Options
Choices of goods and services that are within the financial reach of a consumer, considering their income and expenses.
Inferior Goods
Goods whose demand decreases when consumer income rises, opposite of normal goods.
Normal Goods
Goods for which demand increases as the income of consumers increases.
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