Examlex
Match the term to the correct example.
-a redwood tree
Iced Tea
A chilled form of tea, often sweetened and served with ice, popular as a refreshing beverage.
Budget Constraint
The limitations on the consumption bundles that a consumer can afford given their income and the prices of goods.
Consumption Possibilities
The set of all consumption bundles that can be consumed given a consumer’s income and prevailing prices.
Budget Line
A graphical representation of all possible combinations of two goods that an individual can afford given their income and the prices of the goods.
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