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Which of the Following Is Quantized

question 32

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Which of the following is quantized?


Definitions:

Marginal Utility

Marginal utility refers to the additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.

E-books

Digital versions of books that can be read on electronic devices such as tablets, e-readers, or computers.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity of that good or service that consumers are willing and able to purchase.

Income Effect

A change in the demand for goods or services attributed to a change in consumers’ income.

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