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Describe the research of Stanley Milgram and explain its contributions to our understanding of obedience to authority.
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Substitutes
Products or services that can be used in place of each other, where an increase in the price of one leads to an increase in the demand for the other.
Optimal Consumption
The mix of consumer purchases that maximizes the utility or satisfaction obtained from a given expenditure level.
Indifference Curve
A graph representing combinations of goods or services among which a consumer is indifferent, meaning they have no preference for one combination over another.
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