Term for Identification:  No Child Left Behind Education Reform Act​

question 85

Short Answer

Term for identification:  No Child Left Behind Education Reform Act​

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Definitions:

Normal Good

A type of good for which demand increases when consumer income rises and decreases when consumer income falls.

Income

Money received, especially on a regular basis, for work or through investments.

Quantity Demanded

Refers to the amount of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.

Price Elastic

Refers to the sensitivity of the demand for a product in response to changes in its price.