Examlex
Iron ore is more likely than coal to cube out a vehicle (i.e.,equipment's cubic capacity is filled before reaching its weight capacity).
Normal Goods
Goods for which demand increases when income increases, and falls when income decreases, but price remains constant.
Inferior Goods
Products whose demand decreases as the income of consumers increases, reflecting a preference shift to higher-quality substitutes when affordability allows.
Price Elasticity
An assessment of the responsiveness of the demand for a product to variations in its price.
Supply
The total amount of a specific good or service that is available to consumers at a given price level and time.
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