Examlex
Genetic drift affects small populations more than large ones. Why?
Marginal Rate
The marginal rate typically refers to the rate at which the next dollar of taxable income is taxed.
Substitution
The economic principle that as the price of a good or service increases, consumers are likely to replace it with a cheaper alternative.
Consumer
An individual or group that purchases goods and services for personal use.
Indifference Curves
A graphical representation showing combinations of two goods that give a consumer equal satisfaction and utility, reflecting preferences.
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