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The assignment considered by most officers as "high status" is
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, where individuals substitute away from more expensive goods towards cheaper ones.
Marginal Utility
The added satisfaction or usefulness received from consuming one more unit of a good or service.
Total Utility
The total satisfaction received from consuming a certain amount or combination of goods and services.
Money Income
The total amount of monetary earnings or receipts received by an individual or household from various sources before taxes.
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