Adam and Barbara are big fruit salad fans (and both agree that the more the better)....

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Adam and Barbara are big fruit salad fans (and both agree that the more the better). I lowever, their tastes differ regarding the way the salad is made. l'or Adam, for cach apple you throw in, thcre should be onc and only onc banana (if you give him more than one banana, he willI throw il way). For Barbara, as long al il's Iruit, it doesn't matter; in other words, all that counts is the number of pieces of fruit. (a) Show what Adam's and Barbara's indifference curves look like. (b) Are apples and bananas substilules or cOmplements? TABLE 2.1 Price elasticity of demand for selected products and services.? Product and market Elasticity Norwegian salmon in Spain -0.8 Norwegian salmon in Italy -0.9 Coffee in the Netherlands -0.2 Natural gas in Europe (short-run) -0.2 Natural gas in Europe (long-run) -1.5 US luxury cars in US -1.9 Foreign luxury cars in US -2.8 Basic cable TV in US -4.1 Satellite TV in US -5.4 Ocean shipping services (worldwide) -4.4 Adam and Barbara are big fruit salad fans (and both agree that the more the better). I lowever, their tastes differ regarding the way the salad is made. l'or Adam, for cach apple you throw in, thcre should be onc and only onc banana (if you give him more than one banana, he willI throw il way). For Barbara, as long al il's Iruit, it doesn't matter; in other words, all that counts is the number of pieces of fruit. (a) Show what Adam's and Barbara's indifference curves look like. (b) Are apples and bananas substilules or cOmplements? TABLE 2.1 Price elasticity of demand for selected products and services.? Product and market Elasticity Norwegian salmon in Spain -0.8 Norwegian salmon in Italy -0.9 Coffee in the Netherlands -0.2 Natural gas in Europe (short-run) -0.2 Natural gas in Europe (long-run) -1.5 US luxury cars in US -1.9 Foreign luxury cars in US -2.8 Basic cable TV in US -4.1 Satellite TV in US -5.4 Ocean shipping services (worldwide) -4.4

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a For Adam each apple he will take only one banana in salad It m... View the full answer