Examlex
In the figure above, item 5 refers to the ____ query button.
Income
Income refers to the financial earnings someone acquires regularly either from performing work or making investments.
Optimal Consumption Bundle
A combination of goods and services that maximizes a consumer's satisfaction or utility, given their income and the prices of goods and services.
Normal Good
A type of good for which demand increases as consumers' income increases, and vice versa.
Inferior Good
A category of product whose demand falls when the income levels of buyers rise, in opposition to normal goods.
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