Examlex
Which is an example of an event that would give rise to primary succession?
Convex Preferences
A consumer preference pattern indicating a desire for mixed bundles of goods over extreme bundles, illustrating a preference for diversification.
Commodity Bundle
A specific collection of goods or services that is considered as a single unit for analytical purposes in microeconomics.
Convex Preferences
A characteristic of consumers' preferences indicating that they prefer mixes or combinations of goods over extreme amounts of either one, depicted by a convex shape in utility analysis.
Indifferent
Having no particular interest or sympathy; being unconcerned or neutral towards a specific outcome or item.
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