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As elasticity rises,what happens to the supply curve
Consumer's Budget
The total amount of income available to an individual or household for spending and saving after taxes have been accounted for.
Indifference Curves
Visual diagrams in microeconomics that display the mix of two products which provide the same level of pleasure and usefulness to a purchaser.
Indifference Map
A set of indifference curves, each representing a different level of utility, that together show the preferences of a consumer.
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