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Find the slope of the hill.
[The figure is not necessarily drawn to scale.]
Movie Theaters
Places where films are shown publicly for entertainment, typically featuring large screens and a ticket-based entry.
Normal Goods
Goods for which demand increases as the income of consumers increases, and falls when income decreases.
Income Elasticity of Demand
An indicator showing the responsiveness of the amount of a product that customers want to buy to variations in their income levels.
Inferior Goods
Products whose demand decreases as the income of the consumer increases, often because consumers opt for higher quality alternatives when they can afford them.
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