Most real economic choices involve small (or marginal)changes, rather than all-or-nothing decisions.

Question

Quizplus · Accepted Answer

Most economic decisions involve making small adjustments or changes rather than making a complete shift in one direction or another. For example, a company might adjust the price of a product by a small amount or a consumer might decide to buy one brand of cereal instead of another, rather than making a drastic change in behavior.

Most Real Economic Choices Involve Small (Or Marginal)changes, Rather Than