Examlex
Give examples for each quadrant of the Inclusion Framework:
Budget Constraint
Represents the limitations on the choices consumers can make, given their income and the prices of goods and services.
Indifference Curve
A curve that shows consumption bundles that give the consumer the same level of satisfaction
Absolute Price
The price of a good or service without taking inflation or purchasing power into account.
Indifference Curves
A graph showing different bundles of goods between which a consumer is indifferent, pointing out the preferences of the consumer for one combination of goods over another.
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