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Figure 21-22
-Refer to Figure 21-22.When the price of X is $80,the price of Y is $20,and the consumer's income is $160,the consumer's optimal choice is D.Then the price of X decreases to $20.The income effect can be illustrated as the movement from
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A feature in financial software that allows users to save the details of a written check for future reference or replication.
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The use of technology to perform tasks with minimal human intervention.
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Occurs when an account's balance goes below zero because more money has been withdrawn from the account than was available.
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