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If two goods are substitutes and the price of one rises, then the demand for the other good will also rise.
Deceptive Advertisement
Marketing communication that misleads consumers about the characteristics, benefits, or quality of a product or service.
Consumer Law
A branch of law that deals with the rights of consumers and the regulation of trade practices to protect those rights.
Truth in Lending Act
A federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.
Credit Terms
Conditions under which credit is extended by a lender to a borrower, including interest rates, repayment schedule, and other critical terms of the credit agreement.
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