Examlex
Which of the following is a type of collaborative consumption?
E-books
Digital versions of books that can be read on electronic devices such as tablets, e-readers, or computers.
Demand Curve
A graphical representation of the relationship between the price of a good or service and the quantity of that good or service that consumers are willing and able to purchase.
Income Effect
A change in the demand for goods or services attributed to a change in consumers’ income.
Substitution Effect
An economic principle describing how changes in the price of goods lead consumers to replace these goods with cheaper alternatives, affecting the quantity demanded.
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