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Is systematic desensitization effective for treating phobias?
Optimal Utility
The highest level of satisfaction or benefit that a consumer can achieve given their resources.
Consumption Bundle
A consumption bundle is a combination of various goods and services that an individual, household, or economy consumes over a given period.
Inferior Good
A type of good whose demand decreases when consumer income rises, inverse to a normal good.
Indifference Curve
A graphical representation that shows different combinations of two goods among which a consumer is indifferent.
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