Start learning →

Match each consumer choice term

Exercise and reference answers

Matching pairs
  1. Left
    Total utility
    Right
    All satisfaction so far
  2. Left
    Marginal utility
    Right
    Gain from one more unit
  3. Left
    Budget constraint
    Right
    The limit on spending
  4. Left
    Equilibrium
    Right
    The best affordable choice
  5. Left
    Income effect
    Right
    Buying power has fallen
Instructions
Tap a term on the left, then tap its meaning on the right.

Explanation

_Source: OpenStax Principles of Microeconomics for AP Courses 2e (CC BY 4.0), Ch 6 'Consumer Choices'_
Continue learning with Quill →

Browse more AP Microeconomics questions and exercises →