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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:
 def options(self, new):
 """Set options from list, or instance of named item Over-writes old options """

        options = self._create_options(new)
        if self.widget.value:
            self.widget.set_param(options=options, value=list(options.values())[:1])
        else:
            self.widget.options = options
            self.widget.value = list(options.values())[:1]