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Referring to the graph below (Figure 1)showing a consumer's budget line (labeled B) for two goods, X and Y, and three different indifference curves (IC1-IC3).

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Referring to the graph below (Figure 1)showing a consumer's budget line (labeled B) for two goods, X and Y, and three different indifference curves (IC1-IC3).

image text in transcribed
Y a d C b IC1 IC2 e IC3 B Figure 1 X

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