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According to Constructivists,which of the Following Factors Explains Interactions Between

question 14

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According to constructivists,which of the following factors explains interactions between actors?


Definitions:

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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