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In the case of a normal good, an increase in consumers' incomes would shift the
Marginal Costs
The price increase resulting from the creation of an additional unit of a product or service.
Marginal Costs
The heightened cost linked to the creation of an extra unit of a product or service.
Inverse Demand Function
A mathematical representation that expresses the price of a good or service as a function of the quantity demanded.
Marginal Cost
The additional expense incurred for producing one more unit of a product or service.
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