Examlex
Which word best describes the following: spinothalamic,pyramidal,corticospinal?
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, leading a consumer to substitute one good for another.
Labor Supplied
Represents the total hours that workers are willing and able to work at a given wage rate.
Leisure
free time when individuals are not working, available for relaxation or activities of personal choice.
Normal Good
A good for which demand increases as the income of consumers increases and vice versa.
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