Examlex
__________ refers to the realization that objects continue to exist even when they cannot be seen,heard or touched.
Price Increase
A rise in the cost of goods or services, which can occur due to various factors including increased production costs, higher demand, or inflation.
Optimal Bundle
The combination of goods and services that maximizes an individual's utility given their budget constraint.
Original Prices
The initial cost or value of goods and services before any discounts, markdowns, or adjustments.
Utility Function
A mathematical representation in economics that reflects consumer preferences, assigning a value to each possible bundle of goods.
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