Question: In a two goods world, x and y are normal good and inferior good, respectively. Derive the demand curves of the two goods graphically. In
In a two goods world, x and y are normal good and inferior good, respectively. Derive the demand curves of the two goods graphically. In the consumer theory diagram, you should put goods x and y on horizontal axis and vertical axis, respectively. Please explain your answer intuitively. (hint: draw two sets of diagrams, each set includes a consumer theory diagram and a demand curve diagram)
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