Examlex
Which of the following was a consequence of the Great Awakening?
Hybrid Cars
Vehicles powered by a combination of an internal combustion engine and one or more electric motors, using less fuel than conventional cars.
Normal Good
A type of good for which demand increases as the income of the consumer increases, showing a direct relationship between income and demand.
Income Elasticity
A measure of how much the demand for a good responds to a change in consumers' income.
Total Revenue
The total income generated by a firm from the sale of goods or services before any costs or expenses are subtracted.
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