Examlex
How did the rise of absolutism affect the relationship between rulers and their subjects?
Budget Set
The collection of all possible bundles of goods and services that a consumer can afford with their income at given prices.
Prices Doubled
A situation where the cost of goods, services, or commodities increases to twice their original amount.
Relative Prices
The price of one good or service compared to another, usually considered in terms of opportunity cost.
Price Of X
The amount of money required to purchase a unit of product X in a market.
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