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Home Q & A Board Other Fields Homework Help Business Economics
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PaulKet PaulKet
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Posts: 488
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6 years ago
Consider a two-trader/two-good exchange economy in equilibrium. If the endowment point moves to the north east, i.e. the endowment quantities to one of the consumers increase, can we determine the direction in which the equilibrium quantities will change? Demonstrate your answer with a graph including the relevant indifference curves, contract curve and price line.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 106 times
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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unExpectedunExpected
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6 years ago
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* Majoring in business & math

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PaulKet Author
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#2
6 years ago
Thank you for helping me on my economics homework!
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
wrote...
#3
3 years ago
thanks
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