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Using an indifference curve-budget line model, show how consumer equilibrium will change due to an increase in the price of one of the 2 goods included in your diagram. Be sure to properly label all parts
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Using an indifference curve-budget line model, show how consumer equilibrium will

change due to an increase in the price of one of the 2 goods included in your
diagram. Be sure to properly label all parts of your diagram and clearly indicate both
the initial and new equilibrium points.

User Renzo
by
3.5k points

1 Answer

4 votes

1+1=2

Explanation:1+!+!+!+!+!+!+!+!+!=2

User Leon Van Der Walt
by
2.7k points
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