Examlex
Match the term in the numbered column with the answer in the lettered column.Match the era to its matching definition..
-Characterized by close ties between police and public officials.It began in the 1840s and ended around 1930.Throughout the period,American police agencies tended to serve the interests of powerful politicians and their cronies,
Normal Good
A type of good for which demand increases as the income of individuals or the economy grows.
Substitution Effect
The substitution effect occurs when consumers replace more expensive items with less costly alternatives.
Income Effect
A change in the quantity demanded of a good or service as a result of a change in real income (purchasing power).
Inferior Good
A type of good for which demand declines as the income of individuals or the economy increases, opposite to normal goods.
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