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An X Y (____________________) chart plots numeric values on both the x- and y-axes based on the value of the data.
Indifference Curves
Graphical representations that show combinations of two goods between which a consumer is indifferent, meaning they provide the same level of satisfaction.
Cartesian Plane
A two-dimensional number plane formed by the intersection of a vertical y-axis and a horizontal x-axis, used in geometry and algebra to plot points and graph equations.
Utility
In economics, the satisfaction or benefit derived by consuming a product, thus the preference for one product over another.
Market Baskets
A collection of goods and services used to track price changes and economic inflation over time, representing a fixed set of consumer products and services.
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