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A genetically introverted child might seek out situations that do not involve interactions with other people.This choice of environments will in turn influence the child's personality development.What would Scarr and McCartney call this interaction?
Marginal Utility
The additional satisfaction or utility that a consumer derives from consuming one more unit of a good or service.
Total Utility
The total satisfaction or benefit a consumer receives from consuming a specific quantity of goods or services.
Income Effect
The change in an individual's or economy's income and how that change will impact the quantity demanded of a good or service.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another.
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