Examlex
Regan has been programming computers for so long that she does not understand why some people have difficulty following what she considers the easy instructions to "drag and drop" files into a new folder.She is exhibiting what psychologists call
Budget Constraint
The limit on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.
Inferior Good
A type of good for which demand decreases as the consumer's income increases, contrasting with normal goods.
Less Durable
Describes goods or products that have a shorter usable lifespan before they degrade, wear out, or become obsolete.
Inferior Goods
Products whose demand decreases as the income of consumers increases, due to the availability of better or more desirable alternatives.
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