Suppose that, from an initial consumer equilibrium position, the price of one good falls while the price

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Suppose that, from an initial consumer equilibrium position, the price of one good falls while the price of the other good remains the same. Using indifference curve analysis, explain how and why the consumer’s relative consumption of the two goods will change.
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International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

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