Examlex
Which of the following words has a suffix meaning state of?
Perfect Complements
Goods that are always consumed together in fixed proportions, where the utility derived from one good enhances the utility derived from the other.
Income Effect
The impact on an individual's or economy's purchasing power from an increase or decrease in income, which subsequently affects the quantity demanded for goods and services.
Substitution Effect
The change in consumption that occurs when a price change for one good causes a consumer to replace that good with a more or less expensive substitute.
Price Change
An alteration in the cost of goods or services in the market.
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