Examlex
The goal of expectancy violations theory is to predict and explain:
Consumption
The use of goods and services by households, which represents the final phase in the economic chain of activities.
Inferior Good
A type of good for which demand decreases as the income of consumers increases, opposite to normal goods.
Income
Money received on a regular basis from work, property, business, or investments.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price within a specified period.
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