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The Production Possibility Frontier can be used to explain many economicconcepts. Discuss how PPF can beused to illustrate scarcity and opportunity cost. Discuss how the

The Production Possibility Frontier can be used to explain many economicconcepts. Discuss how PPF can beused to illustrate scarcity and opportunity cost.
Discuss how the income effect influences food purchases and provide some examplesof the

income effect.

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