For the following reaction, select a correct product characterization from the response list. 
Definitions:
Good
An item or service that is produced for sale or use.
Income Effect
Alterations in the financial state of individuals or economies and how these changes drive the demand for various goods or services.
Consumer's Spending
The total amount of money spent by households in an economy on goods and services.
Budget Constraint
The limit on the consumption bundles that a consumer can afford given their income and the prices of goods and services.
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