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One reason why obesity and related problems are LESS common in France than in the U.S. is that on the average, French people
Price Of Good Y
The amount of money required to purchase a unit of good Y in the market.
Budget Line
An illustrative chart of all the possible pairs of two items that can be bought within a certain budget at fixed prices.
Price Of X
Refers to the cost that consumers face when purchasing a specific good or service, denoted as "X".
Preferences
In economics, this refers to the subjective tastes and choices of individuals, based on the assumption that consumers prefer more of a good or service than less.
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