Examlex
When the substitution effect of a price change that is positive is greater than the income effect that is negative:
Population
A total set of individuals, items, or data from which a statistical sample is drawn.
Normally Distributed
A statistical distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.
Normal Curve
A symmetrical bell-shaped curve that represents the distribution of a set of data, where most occurrences take place around the mean.
Asymptotic
The quality of the normal curve such that the tails never touch the horizontal axis.
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