Examlex
Which of these structure-function pairs is incorrect?
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one product for another.
Income Effect
Economic principle that describes how a change in an individual's income affects their purchasing behavior.
Interest Rate
The percentage charged on a loan or paid on savings over a certain period of time, essentially the cost of borrowing money or the reward for saving.
Optimal Choice
The most efficient, advantageous selection or decision based on available information and constraints.
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