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While they were shopping, 6-year-old Elliot came running around one of the store aisles and excitedly asked his mother if she would buy him a $299 Microsoft Xbox 360 game console to use with their television at home. When his mother immediately refused, Elliot looked very dejected but apologized for asking. A few moments later, Elliot asked, "Well, can I get a new basket for my bicycle?" Clever Elliot appears to be using the _____ technique to persuade his mother.
Indifference Curve
A graph showing combinations of goods between which a consumer is indifferent, reflecting their preferences and trade-offs.
Total Utility
The overall satisfaction or benefit that a consumer derives from consuming a certain quantity of goods or services.
Preferences
The subjective tastes and desires of consumers that influence their choices among various goods and services.
Apples
In economic and financial contexts, this term is often used metaphorically to represent the comparison of similar items or investments, as in "comparing apples to apples."
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