1. Draw the indifference curve diagram for the case where one of the goods is a Giffen...

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1. Draw the indifference curve diagram for the case where one of the goods is a Giffen good. PTea 1, Psim To 0.90, A 10,000, and Plea1, Psim-Tea GDP = 100, calculate the own price, cross-price, advertizing, and income elasticities of demand at these values.

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