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Public video surveillance systems are often used in conjunction with face recognition technology to try to identify known terrorists and other criminals, to identify criminals when their crimes are caught on tape, and to prevent crimes from occurring. _________________________
Inferior Good
A type of good for which demand decreases as the income of the consumer increases, in contrast to normal goods where demand increases with rising income.
Normal Good
A good for which demand increases as the income of the consumer increases, and vice versa, holding all other factors constant.
Income Effect
The change in consumer demand for goods and services induced by a change in income, affecting the purchasing power of the consumer.
Substitution Effect
The change in consumption patterns due to a change in relative prices, prompting consumers to substitute one good for another.
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