Examlex
A flywheel's mass is twice that of another of the same size and shape.The more massive flywheel's rotational inertia is
Substitution Effect
Substitution Effect occurs when consumers replace more expensive items with cheaper alternatives in response to changes in relative prices, holding their overall satisfaction constant.
Relative Prices
Relative prices express the price of one good or service in comparison to another, revealing their value relative to each other rather than in absolute monetary terms.
Inferior Good
A type of good for which demand decreases as the income of the consumer increases, in contrast to normal goods where demand increases with rising income.
Normal Good
A good for which demand increases as the income of the consumer increases, and vice versa, holding all other factors constant.
Q1: The volume of matter comes mostly from
Q8: The force of friction on a sliding
Q18: The scientist to first introduce the concept
Q18: An astronaut on another planet drops a
Q36: The ball rolling down an incline has
Q38: The fastest moving planet in a solar
Q40: The pressure in a liquid depends on
Q56: Strictly speaking, the phrase "like begets like"
Q63: What is the stage of cell division
Q77: Two identical arrows,one with twice the speed