Examlex
_________ are the fundamental elements in object-oriented development and represent tangible, real-world entities.
Normal Good
A type of good for which demand increases as the income of individuals increases, reflecting a direct relationship between income and demand.
Demand Curve
A graph showing the relationship between the price of a good or service and the quantity of it that consumers are willing to purchase at various prices.
Future Price Decline
The expectation that the price of goods or services will decrease in the future, often influencing consumer and business decisions.
Leftward Shift
In economic terms, a movement of the supply or demand curve to the left on a graph, indicating a decrease in supply or demand.
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