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'else' statement
if all prior if/elif tests in this chain are False, enter the block
var = 3
if var > 0:
print('higher')
elif var < 0:
print('lower')
else:
print('equal')
print('continuing...')
initialize int
if int is greater than 0:
print str
otherwise if int is less than 0:
print str
otherwise:
print
1) if all if and elif tests in the chain above this statement are False, enter the block 2) when the end of the block is reached, continue to the next line