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    Exam 3: Consumer Preferences and the Concept of Utility
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    If Two Goods Are Perfect Substitutes, Then
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If Two Goods Are Perfect Substitutes, Then

Question 38

Question 38

Multiple Choice

If two goods are perfect substitutes, then


A) the marginal rate of substitution is constant.
B) the indifference curves are straight lines.
C) the indifference curves are "L-shaped."
D) both a) and b) are true.

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