Examlex
In order to increase interest and motivation, a computer math game has been designed that allows students to compete in a speedboat race rather than just completing a series of subtraction problems. The faster correct answers are selected, the faster the student's boat speeds toward the finish line. This math game would be an example of
Cookies
Small pieces of data sent from a website and stored on a user's computer by the user's web browser while the user is browsing, or a sweet baked treat.
Substitution Effects
The substitution effect occurs when consumers replace more expensive items with less costly alternatives as prices rise.
Income Effect
The change in an individual's consumption resulting from a change in their income.
Normal Good
A good for which demand increases as the income of the consumer increases, showing a positive relationship between income and demand.
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