Examlex
Which of the following statements is true?
Normal Good
A good for which demand increases as the income of the consumer increases, showing a positive relationship between income and demand.
Income Effect
The impact of income fluctuations on an individual or an economy on the quantity of goods or services that is demanded.
Price Decreases
A reduction in the cost at which goods and services are sold, making them more affordable to consumers.
Freelance Journalist
A self-employed reporter or writer who sells stories or articles to media outlets without being permanently attached to any one employer.
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