Examlex
Fill in the correct labels for the following figure using the word bank below.
-J _______________
Equilibrium
A state where supply and demand balance each other, and as a result, prices become stable.
MU/P
Marginal Utility per Price, a concept in economics that represents the additional utility or satisfaction obtained per unit of expenditure.
Consumer Behavior
The examination of the ways in which individuals, groups, and entities choose, purchase, utilize, and discard products, services, ideas, or experiences to fulfill their wants and needs.
Marginal Utility
The change in satisfaction or utility a consumer receives from consuming an additional unit of a good or service.
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