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Figure 21-10
-Refer to Figure 21-10. When comparing bundle A to bundle E, the consumer
Equitable
Fair or impartial treatment, especially in the context of the distribution of wealth or opportunities.
Voluntary Exchange
A transaction where two parties trade goods or services by mutual agreement and benefit.
Better Off
A term used to describe a situation in which an individual, household, or group has improved economically, often as a result of higher income, greater wealth, or access to more goods and services.
People
Human beings collectively, considered as the members of a community, society, or workforce.
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