Examlex
What was NOT associated with the Industrial Revolution?
Demand Curve
A graphical representation showing the relationship between the price of a good and the amount of the good that consumers are willing and able to purchase at each price.
Normal Good
A type of good whose demand increases as the income of consumers increase, showing a positive relationship between income and demand.
Complementary Good
A product that is used together with another product, with the consumption of one enhancing the use or value of the other.
Demand Curve
A graph showing the relationship between the price of a good or service and the quantity demanded, typically downward-sloping.
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