Examlex
Briefly describe the options available to a party to a contract who wishes to avoid problems related to cost increases.
Tangency
A point at which two lines or curves meet without intersecting, often used in economics to find points of optimization, such as in budget constraints or indifference curves.
Budget Line
A visual diagram showing every potential mix of two products that can be bought given specific income levels and price points.
Income
The amount of money received over a period of time, typically considered for individuals, households, or entities.
Prices Constant
A scenario in which the prices of goods and services remain unchanged over a period of time.
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