The four properties of indifference curves for ordinary goods illustrated in Figure 10A-4 rule out certain indifference

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The four properties of indifference curves for ordinary goods illustrated in Figure 10A-4 rule out certain indifference curves. Determine whether those general properties allow each of the following indifference curves. If not, state which of the general principles rules out the curves.

4, a Restaurant meals and housing © 2018 Worth (measured Publishers by the number of rooms) are the only two goods that Neha can buy. She has income of $1,000, and the price of each room is $100. The relative price of 1 room in terms of restaurant meals is

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Economics

ISBN: 9781319181949

5th Edition

Authors: Paul Krugman, Robin Wells

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