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When does the needle become dull?
Budget Line
A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specific prices.
Consumer's Income
The total amount of income a consumer has available to spend on goods and services.
Utility
The satisfaction or benefit derived from consuming goods or services.
Budget Line
A graphical representation of all possible combinations of two goods that a consumer can afford given their income and the prices of the goods.
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