Examlex
From a market place perspective which of the following is not a key function of transportation?
Substitution Effect
The economic principle that as prices rise or income decreases, consumers will replace more expensive items with less costly alternatives.
Income
The monetary amount received by an individual or entity in exchange for labor, services, or investment.
Price
The amount of money or compensation exchanged for the ownership or use of a good or service.
Apples
A type of fruit that comes in various colors and flavors, commonly grown in temperate climates.
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