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jwalker824 jwalker824
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A year ago
An indifference curve plotted for two different goods, one on each axis,

▸ shows the combinations of the two goods that will just use up a consumer's income.

▸ shows the different combinations of two goods that the same income can purchase.

▸ shifts when real income changes.

▸ shows all combinations of the two goods that give the same level of utility.

▸ changes its slope as the relative prices of the two goods change.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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whtsi_ep3whtsi_ep3
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A year ago
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jwalker824 Author
wrote...

A year ago
Thanks
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Yesterday
Good timing, thanks!
wrote...

2 hours ago
this is exactly what I needed
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