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To derive the demand curve of a product in indifference curveanalysis, the tastes and preferences of the consumer are assumed to befixed. prices of both
To derive the demand curve of a product in indifference curveanalysis, the
tastes and preferences of the consumer are assumed to befixed.
prices of both products are assumed to be variable.
money income of the consumer is assumed to be variable.
budget line is assumed to stay in a fixed position.
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