Examlex
Which statement is true?
Price
The financial commitment expected, necessary, or made as payment for an article.
Miles
A unit of distance measuring 5280 feet or approximately 1.609 kilometers.
Inferior Good
A type of good whose demand decreases as the income of consumers increases, opposite to normal goods.
Normal Good
A type of good for which demand increases when income increases, and falls when income decreases, but price remains constant.
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