Examlex
FOB means "For only Buyers".
Shift Left
A decrease in the supply or demand of a product in a market diagram, typically resulting in a lower equilibrium quantity and potentially a higher or lower equilibrium price.
Demand
The quantity of a good or service consumers are willing and able to purchase at various prices.
Normal Good
a good for which demand increases as the income of consumers increases and falls when their income decreases, assuming all other factors are constant.
Income Level
The amount of monetary or material wealth that an individual, family, or group receives, usually quantified on an annual basis.
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