Examlex
Which of the following is true of risk management software?
Inferior Good
A type of good for which demand decreases as the income of consumers increases, in contrast to a normal good.
Law Of Demand
A fundamental principle stating that, all else being equal, as the price of a product decreases, the quantity demanded increases, and vice versa.
Price Falls
A decrease in the cost of a good or service in the market.
Quantity Demanded
The total amount of a good that consumers are willing to purchase at a given price level in a market.
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