Examlex
The mass number represents the number of
Inferior Goods
Goods for which demand decreases as the income of the consumer increases, opposite to normal goods.
Normal Goods
Goods for which demand increases as consumers' income increases, holding all other factors constant.
Cross-Price Elasticity
A measure of how the quantity demanded of one good changes in response to a price change of another good.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price in a specific period.
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