Examlex
Which of the following cause tsunamis?
Substitution
The process of replacing one item with another due to changes in price, preference, or functionality.
Satisfaction
The feeling of pleasure or contentment that comes from fulfilling a desire, expectation, or need, or achieving a goal.
Marginal Rate
The rate at which one additional unit of something affects an outcome, often used in the context of taxes or production.
Substitution
The economic concept where consumers replace more expensive items with less costly alternatives, influencing demand and market dynamics.
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