Question: Smith cannot tell the difference between rice and wheat and spends all her food budget of $24/wk on these foodstuffs. If rice costs $3/lb, draw

Smith cannot tell the difference between rice and wheat and spends all her food budget of $24/wk on these foodstuffs. If rice costs $3/lb, draw Smith's price consumption curve for wheat and the corresponding demand curve. Repeat the preceding problem on the assumption that rice and wheat are perfect, one forone complements

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