=+Can you describe what happens to the slopes of the indifference curves on the 45-degree line, above
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=+Can you describe what happens to the slopes of the indifference curves on the 45-degree line, above the 45-degree line, and below the 45-degree line as r becomes large (and as the elasticity of substitution therefore becomes small)?
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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