Examlex
Empathy is the _____________________________________.
Equilibrium Quantity
At the market equilibrium price, the amount of goods or services available matches the amount that is demanded.
Inferior Good
An economic term for a good whose demand decreases as the consumer's income increases, contrasting with normal goods.
Equilibrium Quantity
The quantity of goods or services supplied that is equal to the quantity demanded at the market price.
Normal Good
A normal good is a type of good for which demand increases as the income of individuals increases.
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