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When there is an increase in both supply and demand,it is impossible to determine what happens to the equilibrium price unless the magnitudes of the supply and demand changes are known
Interest-Rate Cost
The expense incurred by borrowing funds, typically expressed as a percentage of the total amount borrowed.
Marginal Utilities
The supplementary pleasure or value a consumer secures by acquiring one more unit of a product or service.
Total Utility
The total satisfaction or benefit that a consumer receives from consuming a given quantity of goods or services.
Current Consumption
The amount of goods and services consumed by individuals or households in the present period.
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