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Household Budget
A budgeting strategy that distributes anticipated personal earnings into categories for spending, saving, and paying off debts.
Price Elasticity
An assessment of the sensitivity of the demand for an item to shifts in its cost.
Strawberry Ice Cream
A frozen dessert made from dairy ingredients such as milk and cream, sweetened and flavored with strawberries.
Price-elastic
A characteristic of a good or service indicating a high sensitivity to changes in its price, where a small price change leads to a significant change in quantity demanded or supplied.
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