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To Derive the Demand Curve of a Product in Indifference

Question 83

Multiple Choice

To derive the demand curve of a product in indifference curve analysis, the


A) budget line is assumed to stay in a fixed position.
B) money income of the consumer is assumed to be variable.
C) prices of both products are assumed to be variable.
D) tastes and preferences of the consumer are assumed to be fixed.

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