Examlex
Which gives the correct sequence of increasing organizational complexity?
Substitute Goods
Products or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.
Income Elasticity
A measure of how much the demand for a good will change in response to a change in consumers' income.
Negative
In general terms, something that represents a deficit, lack, or detrimental aspect, often used in contexts like finance, emotions, or charges.
Inferior Good
A good for which demand decreases as consumer income rises, unlike normal goods, for which demand increases as consumer income rises.
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