Hi, I am always confused when two indifference curve are convex, what does it mean about two
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Question:
Hi, I am always confused when two indifference curve are convex, what does it mean about two goods? When the curve is concave , what does it mean? When it's L shaped or straight line, what does it mean?
what does the indifference curve looks like for a pair of two goods, a bad and good, bad and bad,
please give examples and good graphs, thank you!
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