Examlex
The writings of Descartes
Income Elasticity
A measure of how the demand for a good or service changes in response to changes in consumers' income.
Inferior Good
A type of good for which demand decreases when the income of the consumer increases, inversely related to consumer income.
Inferior Good
A type of good for which demand decreases as the income of consumers increases, in contrast to a normal good.
Inferior Goods
A good that has a negative income elasticity, so that as consumer income rises, the demand for the good falls.
Q2: Environmental psychologists rarely record feelings and emotion
Q2: In the event environment, the 'workforce' refers
Q5: A drug overdose is common at some
Q8: The idea of 'fit' with the sponsor
Q10: The sites that provide search functionality for
Q32: Weldon and Roediger found that words are
Q50: On what do critics of region-coding focus?
Q60: The empirical approach to the study of
Q60: Define the following terms and describe how
Q70: In line with the levels of processing