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Using a choice diagram (like the one from Perloff used in the slides and copied below for your convenience) explain why EV=CV for quasilinear preferences.

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Using a choice diagram (like the one from Perloff used in the slides and copied below for your convenience) explain why EV=CV for quasilinear preferences. Y + CV CV 92, Live music, Units per quarter Y EV Y - EV LEV O a 1b I CV La 12 24 91, Music tracks per quarter

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