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1 January, 14:08

Economists believe that people respond in a predictable way to changes in costs and benefits. the term that best describes this phenomenon is:

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  1. 1 January, 16:07
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    the term that best describes this phenomenon is:: Marginal analysis

    Marginal analysis is a form of economic analysis which assume that all people will always try to find the highest form of benefit with the lowest cost possible.

    This analysis most commonly used to determine business strategy before entering the market.
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