Examlex
Whenever a math teacher writes story problems, any character with an occupation listed is male, like Bob the janitor or James the lawyer, but when women are used, they have no occupation. What is this an example of?
Substitute
Replacement items or alternatives that consumers may choose, which impacts market demand and competition among sellers.
Demand Curve
A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers over a range of prices.
Inferior Goods
Goods whose demand decreases when consumers' income increases. They are the opposite of normal goods, which see increased demand with higher income.
Income Increase
A rise in the amount of money received, especially by workers or businesses, over a specific period.
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