Examlex
Why are economists so particular about the difference between an increase in quantity demanded and an increase in demand? Aren't they the same thing?
Federal Gasoline Tax
A tax imposed by the federal government on the sale of gasoline, used primarily to fund transportation projects.
General Equilibrium
A state in which all markets in an economy are in simultaneous equilibrium, with supply equaling demand in each market.
Normal Good
A good for which demand increases as the income of the consumer increases, showing a positive relationship between income and demand.
Complements
Goods that are consumed together because the use or enjoyment of one good enhances the use or enjoyment of the other.
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