Examlex
The success of Nelvana's animated children's programming (Babar, Care Bears, Eek! The Cat etc.)in the late 80's and early 90's, increased production of animated features, increasing the demand for animators much faster than the supply of animators was increasing.As a result, in the market for animators, the equilibrium wage fell and the equilibrium quantity increased.
Credence Properties
Characteristics of a product or service that are difficult or impossible for consumers to evaluate even after purchase and use, such as the expertise of a medical procedure.
Experience Properties
Characteristics of a product or service that can only be ascertained through direct use or experience.
Search Properties
Characteristics of a product or service that can be easily evaluated before purchase, such as color, style, or price.
Tangible Products
Physical items or goods that can be seen, touched, and owned, unlike services which are intangible.
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