Redraw Figure 5.4 for an inferior good. Use your diagram to compare the relative sizes of CV,
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Figure 5.4 Comparing CV, EV, and CS
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e2 A в 0.5 нCV HEV 12 24 91, Music tracks per quarter P,, £ per unit
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Related Book For
Microeconomics Theory and Applications with Calculus
ISBN: 978-0133019933
3rd edition
Authors: Jeffrey M. Perloff
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