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Demand Curve derivation using indifference curve and budget constraint?
Just some homework help:
Zoe has $10 a week to spend on food, she can buy hamburgers for $2 or candy for $1. Sketch Zoes demand for hamburgers given this info
1 Answer
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- Anonymous9 years agoFavorite Answer
The budget constraint is 10= 2H+1C,H hamburger,C candy.
The indifference curve is convex and downward sloping.If the budget tangents the indifference curve,it will be a demand.
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