Nested Elements Within Object Tags Denote Parameters for an Object

question 121

Short Answer

Nested elements within object tags denote parameters for an object.

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Definitions:

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices over a given period of time.

Income

Payments received, on an ongoing basis, as a result of employment or investment yields.

Normal Good

A good for which demand increases as consumer income rises, and decreases as consumer income falls.

Income

The money received by individuals or entities, typically in exchange for providing labor, selling goods, or making investments.