Examlex
Which group of organisms has the greatest percentage of species in danger of extinction, according to the International Union for Conservation of Nature (IUCN) ?
Complements
Goods or services that are used together, where the use of one increases the demand for the other.
Income Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in consumers' income, holding all other factors constant.
Inferior Good
An inferior good is a type of good whose demand decreases when consumer income rises, unlike normal goods, where demand increases with rising consumer income.
Normal Good
A type of good for which demand increases when income increases, and vice versa, displaying a positive correlation between income and demand.
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