Draw your indifference curves for two commodities: (a) where you regard one and two as perfect complements; (b) where you regard one and two as perfect substitutes; (c) where you regard one and two as substitutes;
Draw your indifference curves for two commodities: (a) where you regard one and two as perfect complements; (b) where you regard one and two as perfect substitutes; (c) where you regard one and two as substitutes;
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Draw your indifference
(a) where you regard one and two as perfect complements;
(b) where you regard one and two as perfect substitutes;
(c) where you regard one and two as substitutes;
(d) where you regard commodity one as bad and two as good commodity;
(e) where you regard commodity one as neuter and two as bad commodity;
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