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Q5. Compare the following two pairs of goods: Coke and Pepsi Skis and ski bindings In which case do you expect the indifference curves to
Q5. Compare the following two pairs of goods: Coke and Pepsi Skis and ski bindings In which case do you expect the indifference curves to be fairly straight, and in which case do you expect the indifference curves to be very bowed? In which case will the consumer respond more to a change in the relative price of the two goods?
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