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Microeconomics

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Consumer Comparatives: Derivi-what?

MICRO-FNTOJI

Olivia derived an income expansion path, which describes the different mixes of Good X and Good Y that a consumer would choose to consume under different levels of income. The path looks like this:

Of course, this is what the path looks like once you remove the graph she used to derive the income expansion path. What graph did she use to derive the income expansion path above?

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