Explain how the indifference curve and budget line apparatus are used to derive a consumers demand curve.

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Explain how the indifference curve and budget line apparatus are used to derive a consumer’s demand curve. For a demand curve, certain things are held constant. What are they, and how does this approach hold them constant?

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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