Examlex
Which of the following is a section of the midbrain?
Good Substitutes
Products or services that can be used in place of each other, with consumers willing to switch from one to the other if the price or quality changes.
Necessity
Goods or services considered essential for basic human survival and well-being, such as food, water, and shelter.
Income Percentage
A measure or fraction of personal or household income, often used in context to describe expenditure, saving, or taxation ratios.
Inelastic Demand
A situation in which the demand for a product does not significantly change in response to a change in price.
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