Examlex
Which general class of drugs is useful in treating Parkinson's disease?
Inferior Good
A type of good for which demand decreases as the income of the consumer increases, in contrast to normal goods where demand increases with rising income.
Normal Good
A good for which demand increases as the income of the consumer increases, and vice versa, holding all other factors constant.
Income Effect
The change in consumer demand for goods and services induced by a change in income, affecting the purchasing power of the consumer.
Substitution Effect
The change in consumption patterns due to a change in relative prices, prompting consumers to substitute one good for another.
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