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Budget Constraint
An economic model representing all the combinations of goods and services that a consumer can afford with a fixed budget.
Budget Line
A graphical representation showing the combination of two goods that can be purchased with a specific budget at set prices.
Jeans
A type of trousers typically made from denim or dungaree cloth, often regarded as a staple in casual fashion.
Indifference Curves
A graph representing different bundles of goods between which a consumer is indifferent, showing the trade-offs a consumer is willing to make between two goods.
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