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5. Construct an Income Consumption Curve and explain. 6. What is an Engel Curve? Graphically illustrate how it's depicted. 7. Using Budget and Indifference curves

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5. Construct an Income Consumption Curve and explain. 6. What is an Engel Curve? Graphically illustrate how it's depicted. 7. Using Budget and Indifference curves derive an individual's demand curve for good X. Place good X on the horizontal axis and assume that both goods are normal

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