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When did Irving Fisher first develop the quantity theory of money demand?
Unit Price
The cost assigned to a single unit of a product or service, facilitating price comparisons among similar products based on per unit costs.
Marginal Utility
The additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.
Hypothetical Consumer
A theoretical representation of an average consumer used in economic models to predict buying behavior and market dynamics.
Consumer Income
The total earnings of an individual or household from all sources, influencing their purchasing decisions.
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