Examlex
According to constructivists,which of the following factors explains interactions between actors?
Consumption Bundle
A combination of goods and services that a consumer chooses to consume within a given time period.
Income
Funds acquired regularly as earnings from employment or investment returns.
Substitution Effect
The change in consumption patterns due to a change in relative prices, holding the consumer's utility level constant.
Income Effect
The change in an individual's consumption choices resulting from a change in real income, due to changes in price.
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