Examlex
What are two challenges associated with using a utilitarian argument in a dialectic about hacking?
Income Effect
Variations in personal or economic income and their influence on the demanded quantity of particular goods or services.
Normal Good
A normal good is a type of good for which demand increases when income increases and decreases when income decreases, assuming all other factors remain constant.
Inferior Good
A type of good for which demand decreases as the income of individuals increases, conversely, its demand increases when consumer income declines.
Inferior Good
A type of good for which demand decreases as the income of consumers increases, contrasting with normal goods.
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