Examlex
Linnaeus' System a Naturae
Demand Curve
A chart that illustrates the correlation between a product's price and the amount of it consumers want to buy, usually depicted as a line sloping downwards towards the right.
Gasoline
Gasoline is a volatile, flammable liquid derived from petroleum, primarily used as fuel in internal combustion engines.
Supply Curve
A visual chart that illustrates how the price of an item affects the amount of the item that sellers are prepared to offer.
Inferior Good
A product whose demand decreases as consumers' income levels increase, opposite to normal goods.
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