Examlex
____ explains how information spreads.
Budget Constraint
A concept in economics that represents all the combinations of goods and services a consumer can afford given their income and the prices of goods and services.
Horizontal Axis
In a graph or chart, the x-axis that runs from left to right, commonly used to represent the independent variable.
Vertical Axis
A line or reference point on a graph or chart that typically represents the dependent variable or outcome in an analysis.
Marginal Utility
The additional satisfaction or benefit (utility) that a consumer derives from consuming one more unit of a good or service.
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