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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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