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Devaluation Is Reduction in The

question 177

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Devaluation is reduction in the:


Definitions:

Marginal Utility

The additional satisfaction or utility that a person receives from consuming one more unit of a good or service.

Marginal Utility

The additional satisfaction or utility gained from consuming one more unit of a good or service.

Marginal Utility

The added satisfaction a consumer gets from consuming one additional unit of a good or service.

Price Ratio

The proportionate relationship between the prices of two goods or services, indicating how many units of one good can be exchanged for one unit of another.

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