=+c. True or False: Perfect complements represent a unique special case of homothetic tastes in the following
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=+c. True or False: Perfect complements represent a unique special case of homothetic tastes in the following sense: Whether income goes up or whether the price of one of the goods falls, the optimal bundle will always lie on a the same ray emerging from the origin.
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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