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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Definitions:

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