Examlex
What are the three physical components of a VSAM file?
Normal Good
A category of product that sees a rise in demand when consumer incomes go up, and a decrease when incomes fall.
Cross Elasticity of Demand
A measure of how the quantity demanded of one good responds to a change in price of another good, indicating the degree of substitutability between the two goods.
Complements
Goods or services that are used together, so that the consumption of one enhances the consumption of the other.
Substitutes
Products or services that can replace each other in satisfying a consumer's needs or wants.
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