Examlex
The main sequence lifetime of an O star compared with an M star is
Price of Gas
The cost per unit (usually per gallon or liter) of gasoline, which can vary based on factors like location, demand, and taxes.
Backward-Bending Labor Supply Curve
A labor supply curve that illustrates how an individual's supply of labor can decrease as wages increase beyond a certain point, due to the preference for leisure over income.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods or services.
Income Effect
How an alteration in the income of an individual or an economy influences the demand for a specific good or service.
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