Jonah is completely indifferent between eating the brand name version of his favorite cereal and eating the

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Jonah is completely indifferent between eating the brand name version of his favorite cereal and eating the generic version. His preferences would best be represented by which indifference curve on Figure EP-2: ICa or ICb? Are brand-name cereal of generic cereal perfect substitutes or perfect complements?

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Microeconomics

ISBN: 978-1259813337

2nd edition

Authors: Dean S. Karlan, Jonathan J. Morduch

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