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Farmers' market sells corn for 50 cents an ear. Jackson buy six ears each Wednesday at this price . What would happen to Jackson's consumption of corn if market offered corn at 50 cents an ear for the first six ears , but 20 cents for each additional ear ? Using a budget line and indifference curves , explain the answer .

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91230746

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