Examlex
Which of the following statements is true of bitmapped image-editing programs?
Normal Good
A good for which demand increases as the income of consumers increases.
Inferior Good
A type of good for which demand decreases as the income of the consumer increases, and vice versa.
Optimal Consumption
The combination of goods and services that provides the highest level of satisfaction to an individual, given their income and the prices of those goods and services.
Prices Constant
An assumption in economic analysis that prices remain unchanged over a specific period, allowing for the examination of other variables' effects without price fluctuations.
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