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If the price of grapefruit rises, the substitution effect due to the price change will cause
Long-term Commitment
A pledge or dedication to a cause, activity, or relationship, expected to continue into the foreseeable future.
Probability
The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.
Chance Events
Random occurrences that are beyond an individual's control, which can significantly impact their life and decisions.
Minor Accident
An incident involving minimal damage or injury, often considered too insignificant to warrant extensive reporting or intervention.
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