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What is consumer’s equilbrium? Explain the conditions of consumer’s equilibrium assuming that the consumer consumes only two goods. OR Distinguish between an inferior good and a normal good. Explain the effect of change in income on each giving suitable examples. |
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Answer» What is consumer’s equilbrium? Explain the conditions of consumer’s equilibrium assuming that the consumer consumes only two goods. OR Distinguish between an inferior good and a normal good. Explain the effect of change in income on each giving suitable examples. |
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