Examlex
The connotative meaning of a word is
Price Change
An adjustment in the cost of a good or service in the market, which can be an increase or decrease due to various factors.
Income
The remuneration accrued, notably in a recurrent manner, from labor or the investment of resources.
Substitution Effect
The economic principle that as prices rise or income decreases, consumers will replace more expensive items with less costly alternatives.
Income
The monetary amount received by an individual or entity in exchange for labor, services, or investment.
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