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To read a PDF file, you must download and install ________.
Economic Rent
The extra income earned by a resource over its opportunity cost.
Price of Gas
The cost per unit (usually per gallon or liter) of gasoline, which can vary based on factors like location, demand, and taxes.
Backward-Bending Labor Supply Curve
A labor supply curve that illustrates how an individual's supply of labor can decrease as wages increase beyond a certain point, due to the preference for leisure over income.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods or services.
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