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An indifference map shows the optimal consumption bundle of a consumer for two goods A and B.Which of the following factors would lead to a parallel shift of the budget line allowing the consumer to reach a higher indifference curve?
Proportional Recovery
The concept of obtaining a share of recovery or compensation that is directly proportional to one's loss or investment.
Common Law
A legal system based on court precedents and customs, as opposed to statutory laws.
Preliminary Negotiations
Initial discussions aimed at reaching an agreement or understanding before formal negotiations commence.
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