Examlex
A PCR assay has been developed for the detection of the bacterium (Borrelia burgdorferi)that causes Lyme disease.Unfortunately this method cannot differentiate between an active disease and a treated or inactive disease.
Marginal Rate
The rate at which a quantity increases or decreases as a result of a unit change in another variable, often used in the context of taxation or utility.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, leading consumers to replace more expensive items with cheaper alternatives.
Income Effect
The change in an individual's consumption patterns due to a change in their real income, typically following a price change of goods.
Indifference Curve
A graph showing a combination of two goods that give a consumer equal satisfaction and utility, representing preferences without implying greater or lesser utility.
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