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Question 20 (10 points) Starting with budget constraints and indifference curves show and explain how to graphically derive the following: You may answer this entire

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Question 20 (10 points) Starting with budget constraints and indifference curves show and explain how to graphically derive the following: You may answer this entire question on a separate sheet of paper or using your ipad and upload the whole answer using "add file" or you can type your answer here and simply upload the graphs. (Upload answers/graphs using the "add file" feature. ) a. Ordinary demand curve for a good that has a price elasticity of demand = 0 (Hint : think about what it means if the price elasticity of demand is zero.) b. Compensated demand curve for an inferior good

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