An indifference curve is a construct used by economists to show how tastes for an individual change.
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Q4: If the consumer's income doubles,then his optimal
Q5: If a person is willing to trade
Q6: The steeper the indifference curve,the greater the
Q7: The slope of the budget line always
Q8: A consumer can not consume a basket
Q10: The marginal value of a good is
Q11: If the consumer chooses not to purchase
Q12: If the consumer's income and all prices
Q13: A doubling of all prices has the
Q14: If the indifference curve is not tangent
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