Examlex
An individual who is caught plagiarizing or using another's words or ideas without giving proper credit faces the possibility of losing his or her job.
Demand Curve
A graphical representation of the relationship between the price of a good or service and the quantity of that good or service that consumers are willing and able to purchase.
Income Effect
A change in the demand for goods or services attributed to a change in consumers’ income.
Substitution Effect
An economic principle describing how changes in the price of goods lead consumers to replace these goods with cheaper alternatives, affecting the quantity demanded.
Indifference Curve
An illustration representing a consumer's preference equilibrium between two products, indicating no preference difference.
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