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5 February, 09:57

Which term is defined as the lack of satisfaction a person receives from using a product repeatedly

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  1. 5 February, 10:10
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    Income effect - This is the increase or decrease in purchasing power brought on by changes in prices.

    substitution effect-This refers to how people may buy a lower-priced product rather than a more expensiv product. This effect may change the demand for a good or service.
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