Examlex
A two-dimensional object undergoes a clockwise rotation of 500° followed by a counterclockwise rotation of 140°. Surprisingly, the object has not moved from its original position. Explain.
Substitution Effect
The economic principle referring to the change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute more expensive items with cheaper alternatives.
Product Rises
This term seems unclear or incomplete. If referring to a situation where the price or demand for a product increases, there is no single term that universally describes this scenario as "Product Rises." NO.
Income Effect
The change in consumption resulting from a change in real income, which can itself result from changes in wages or prices.
Money Income
The total amount of monetary earnings or receipts a person or household receives from various sources including wages, dividends, and benefits.
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