Examlex
A child has been diagnosed with ascariasis (roundworm) .The statement made by her mother that may suggest a cause for her condition is:
Demand Occurs
The moment at which consumers are willing and able to purchase a good or service at a given price.
Long-Run Equilibrium
A state in which all factors of production and costs are variable, and firms in the industry are earning only normal profits, with no incentive for entry or exit.
Inferior Good
A good or service whose consumption declines as income rises, prices held constant.
Constant Costs
Costs that remain unchanged regardless of the level of production or activity.
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