Examlex
Life-course persisters are more likely to manifest traits such as _____ and _____.
Normal Goods
Goods for which demand increases as the income of individuals increases.
Income Elasticity of Demand
A gauge for the sensitivity of demand for an item to shifts in the income levels of buyers.
Sapphire Pendant Necklaces
Jewelry items consisting of pendants made from the gemstone sapphire, typically hung on a chain or necklace.
Income Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in consumers' income, expressed as a percentage change in demand divided by the percentage change in income.
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