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Find the solution or solutions, if any exist, to the system.
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Opportunity Cost
The lost potential gain from other alternatives when one alternative is chosen.
Income Effects
The changes in an individual's or economy's income and how that changes their spending and saving behavior.
Substitution Effects
The change in consumption patterns due to a change in the relative prices of goods.
Normal Goods
Goods for which demand goes up when income is higher and for which demand goes down when income is lower.
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