Examlex
The gurgling sound made in the back of the throat by babies,usually to express pleasure during interaction with the caregiver,is known as
Indifference Curve
A graph showing different bundles of goods between which a consumer is indifferent, that is, the consumer has no preference for one combination over another.
Price Decrease
A reduction in the price of a good or service, which can lead to an increase in quantity demanded by consumers according to the law of demand.
Indifference Curves
Graphical representations used in microeconomics to show different combinations of two goods or services among which a consumer is indifferent, indicating the same level of satisfaction or utility for each combination.
Optimal Consumption
The point at which a consumer maximizes his or her satisfaction or utility from the consumption of goods and services, given a budget constraint.
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