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Starting with budget constraints and indifference curves show and explain how to graphically derive the following: a.Ordinary demand curve for a good that has a

Starting with budget constraints and indifference curves show and explain how to graphically derive the following:

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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