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In order to derive an individual's demand curve for Good X, we examine how their utility-maximizing point changes as a) the price of Good X
In order to derive an individual's demand curve for Good X, we examine how their utility-maximizing
point changes as
a) the price of Good X changes, holding the price of Good Y and income constant.
b) their income changes, holding the price of Good X and Good Y constant.
c) their preferences change, holding the price of Good X and Good Y constant.
d) the price of Good Y changes, holding the price of Good Y and income constant.
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