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Question 1 [20 marks] A consumer consumes beef and other goods (beef is a normal good)....

Question 1 [20 marks]

A consumer consumes beef and other goods (beef is a normal good). Using the indifference curve
analysis draw a graph that clearly show the forces (effects) that determines a consumer final
consumption of beef when its price increases, while holding the price of all other goods constant. (20)

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Rahul Sunny answered 1 year ago
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