Examlex
Which of the following is not an example of a physiological gradient?
Price
The amount of money required to purchase a good or service, often determined by factors like demand, supply, and market competition.
Utility Function
A representation or model used in economics to quantify the satisfaction or happiness a consumer derives from consuming goods and services.
Income
Payment obtained, regularly, for services rendered or from capital investments.
Preferences
In economics, refers to the subjective tastes and desires of consumers that influence their choices and demands.
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