Examlex
How are G1 and G2 different?
Substitute
A good whose demand increases when the price of another good increases. For example, two brands of cola soft drinks are substitutes.
Complement
A good or service that is used together with another good or service, increasing its demand.
Income Increase
A rise in the amount of money received by individuals or entities, typically through earnings, investments, or bonuses.
Normal Good
A good for which demand increases when consumer income rises, and falls when consumer income decreases, all other factors being equal.
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