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4 June, 23:18

Which of these terms means "the level of satisfaction a need or want provides"?

1. Choice

2. Scarcity

3. Utility

4. Opportunity cost

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Answers (1)
  1. 5 June, 01:51
    0
    "Utility" would be the best option for "the level of satisfaction a need or want provides" in the realm of economics, since a person "utilizes" something in order to get this satisfaction.
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