Examlex
Solve the formula for the given letter.
Normal Goods
Goods for which demand increases as consumer income rises, and falls when consumer income decreases, opposite to inferior goods.
Inferior Goods
Goods whose demand decreases as the income of consumers increases, in contrast to normal goods.
Income
Income generated regularly from employment or investments.
Soda
A carbonated soft drink that is flavored and sweetened, often consumed as a beverage.
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