Examlex
Sheena gets her paycheck on the first day of every month and spends it over the month to purchase various goods and services.What are the functions that money is performing in this case?
Heating Oil
A low viscosity, liquid petroleum product used as a fuel oil for furnaces or boilers in buildings for heating purposes.
Supply for Heating Oil
The total availability of heating oil in the market, influenced by production levels, reserves, and importation.
Inferior Goods
Inferior goods are products whose demand decreases as consumer income rises, opposite to normal goods.
Demand
The amount of a product or service that buyers are prepared and capable of buying at different price levels over a specific time frame.
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