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6 November, 08:02

Which of these terms means "the level of satisfaction a need or want provides"? A. Choice B. Scarcity C. Utility D. Opportunity cost

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  1. 6 November, 08:31
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    I think the correct answer from the choices listed above is option C. Utility is the terms that means "the level of satisfaction a need or want provides". It is used in economics ans is a measure of preference over a set of goods or services. Hope this answers the question.
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