Examlex
What measures the average kinetic energy associated with random translational motion of molecules?
Laspeyres Index
A price index used to measure the relative change in the price of a fixed basket of goods and services over time, using the quantities of a base period.
Prices
The monetary value assigned to a product or service, determining how much it costs to buy.
Bundle
A combination of various goods and services selected by consumers, used in economics to analyze choices and preferences.
Giffen Good
A product that people consume more of as the price rises, violating the basic law of demand in economics.
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