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30 June, 14:05

A young man buys a new stereo. Three years later, he decides that the stereo does not sound as good as the new stereos that are for sale, so he buys a new stereo. This is an example of which of these?

1. Marginal Utility

2. General Equilibrium

3. Marginalism

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Answers (2)
  1. 30 June, 15:56
    0
    The second one General Equilibrium.
  2. 30 June, 16:07
    0
    I'm stuck between 1 and 3 because they are such similar terms. It's definitely not 2
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