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Explain how you can work with radio buttons and check boxes.
Elasticity
Elasticity refers to the degree to which demand or supply reacts to changes in price or other factors.
Indifference Curve Analysis
A graphical representation used in microeconomics to show combinations of two goods that provide the consumer with equal levels of utility.
Demand Curve
A graphical representation showing how the quantity demanded of a commodity changes with changes in its price, typically depicting an inverse relationship.
Budget Line
A graphical representation showing the combination of goods a consumer can purchase with a given income.
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