Examlex
It is possible to purify the water supply using the heat and radiation provided by sunlight.
Budget Line
A graphical representation showing the combination of goods a consumer can purchase and consume within their income level at specific prices.
Equilibrium
A state where market supply and demand balance each other, and as a result, prices become stable.
Consumer's Money Income
The total amount of income a consumer has available to spend and save after taxes have been deducted.
Budget Line
A graphical representation of all possible combinations of two goods which can be purchased with a given budget at specific prices.
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