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Determine the domain and the range of the function.
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Demand Curves
Graphs that show the relationship between the price of a product and the quantity of the product demanded.
Income Effect
The change in an individual's or economy's consumption patterns due to a change in real income.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, holding the consumer's utility level constant.
Income Effect
The modification of income for people or economies and how this adjustment affects their purchasing desires for goods or services.
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