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18. Consumer Choice and Behavioral Economics
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Problem 14
18. Consumer Choice and Behavioral Economics
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18. Consumer Choice and Behavioral Economics / Indifference Curves for Perfect Substitutes and Perfect Complements / Problem 9
Problem 9
Why do perfect substitutes have straight-line indifference curves?
A
Because the goods are always consumed in fixed proportions.
B
Because the goods are unrelated.
C
Because the goods are complementary.
D
Because the marginal rate of substitution is constant.
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