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Suppose you choose between a composite good (c) and movie tickets purchased in a month. Draw the budget constraint and the optimal choice when given
Suppose you choose between a composite good (c) and movie tickets purchased in a month. Draw the budget constraint and the optimal choice when given standard indifference curves. Now, change the price of movie tickets a few times and show how optimal choices, given new prices, resulting in a demand curve for movie tickets in a month.
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