Examlex
The technology permitting data on an ordinary business document to be encoded in what appear to be decorative touches on the document is
Determinants of Demand
Factors that influence the quantity of a product or service that consumers are willing and able to buy at a given price.
Sum of Demand Curves
The aggregate demand curve that is obtained by horizontally adding individual demand curves in a market.
Snob Effect
A phenomenon where the demand for a certain good increases as the price increases because the good is perceived as being more desirable, exclusive, or prestigious.
Luxury Goods
High-quality, expensive items that are not essential but are desired for their status symbol and prestige.
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