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1. When viewed on a graph, typical income constraint or budget line will slope up from left to right. True or False, and describe why?

2. "On any particular indifference curve, the normal preference is for the specific combination of goods that has highest possible value on horizontal axis." Describe why this is a false statement.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M923075

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