Examlex
Given an inheritance pattern of incomplete dominance and 81 flowers that are red (R1R1), 18 flowers that are pink (R1R2), and 1 flower that is white (R2R2), the frequency of the R1 allele is 0.9.
Substitution Effect
The adjustment in consumer behavior because of shifts in the prices of goods relative to each other, causing consumers to choose different goods over previously preferred ones.
Normal Good
A good whose demand increases as consumer income increases, demonstrating how economic well-being influences consumer choices.
Child Tax Credit
A tax benefit offered to families with children, providing a reduction in their tax liability per child.
Labor Supplied
Refers to the total hours of work that workers are willing and able to provide at a given wage rate over a certain period.
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