Examlex
According to the text,what is a new trend taking place among retail intermediaries?
Utility
In economics, utility refers to the total satisfaction received from consuming a good or service.
Diminishing Marginal Utility
The principle that as a person increases consumption of a product, there is a decline in the additional satisfaction or utility that person gains from consuming one more unit of the product.
Demand Curve
A graph showing the relationship between the quantity of a good that consumers want to buy and its price.
Downward Slope
A graphical representation indicating a decrease or decline in value, often used in reference to graphs showing relationships such as demand curves.
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