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International Economics 8th Edition by Dennis Appleyard, Alfred Field
Edition 8ISBN: 9780078021671International Economics 8th Edition by Dennis Appleyard, Alfred Field
Edition 8ISBN: 9780078021671 Exercise 3
If consumers differ in their tastes, why does a change in the income distribution within a country lead potentially to a differently shaped community indifference curve, one that can intersect a community indifference curve reflecting the "old" income distribution?
Explanation
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A community indifference curve shows the...
International Economics 8th Edition by Dennis Appleyard, Alfred Field
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