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INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
There is a [ high | low ] chance that one's tax return will be audited in a given year.
Parallel Shift
Parallel shift is a concept in economics where a graph, such as a demand or supply curve, shifts left or right without changing its slope, indicating a uniform change in demand or supply.
Budget Line
A line that shows the different combinations of two products a consumer can purchase with a specific money income, given the products’ prices.
Consumer's Level
Refers to the consumption patterns, preferences, and purchasing power of individuals or households within an economy.
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