Combination

Definition

A mixture or assortment made up of different elements, in this case referring to the mix of skirts and blouses Jennifer should purchase.

Related terms

Optimal Combination: The mix of goods that maximizes utility given certain constraints.

Substitution Effect: When the price or availability of one good leads consumers to substitute it for another good.

Complementary Goods: Goods that are consumed together because they enhance each other's utility (e.g., peanut butter and jelly).