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Ahmed goes online every night to connect with friends. His parents are concerned that he is isolating himself by not interacting with his friends face to face. However, research suggests that online interaction has specific benefits. According to the text, which of the following would NOT be considered a benefit of online interaction?
Income Elasticity
Measures how the quantity demanded of a good responds to a change in consumer income.
Normal Good
An item for which demand increases as the income of consumers increases, showing a direct relationship between income and demand.
Income Elasticity
A measure of how much the demand for a good changes as the income of consumers changes.
Normal Good
A good for which demand increases as the income of consumers increases, showing a positive correlation between income and demand.
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