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The flatness problem is that
Inferior Good
A type of good for which demand decreases as the income of consumers increases.
Income-Consumption Curve
A graphical representation showing how changes in a consumer's income affect their spending behaviors on different goods.
Marginal Utility
The additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.
Budget Constraint
A budget constraint outlines the mix of goods and services a consumer is able to buy, based on their income and the prices of those goods and services.
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