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If the slope of a linear function changes with no change in the Y-intercept
Change in Price
A variation in the cost of a good or service over a period which can affect demand and supply dynamics in the market.
Price of X
The amount of money required to purchase a specified good or service, indicated here as "X."
Buyer's Budget
The total amount of money that a consumer is willing and able to spend on goods and services within a certain period.
Indifference Curve
A graph representing different bundles of goods between which a consumer is indifferent, showing preferences in terms of trade-offs.
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