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Suppose a consumer use k units of good X and w units of good Y in fixed proportion. Then, x and y are goods and
Suppose a consumer use k units of good X and w units of good Y in fixed proportion. Then,
x and y are goods and indifference curve is bowed inward towards the origin
x and y are perfect complements and indifference curves are L shaped
x and y are perfect substitutes and indifference curve is bowed inwards towards the origin
x and y are goods and indifference curves are lines since marginal rate of substitution is constant
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