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Business, 25.06.2019 07:50 paigeyadon13

Orange juice and apple juice are known to be perfect substitutes. draw the appropriate price-consumption curve (for a variable price of orange juice) and the income-consumption curve. suppose that the marginal utility from a glass of orange juice equals the marginal utility from a glass of apple juice, that income equals $17.5017.50, and that the price of apple juice is $2.502.50. using the multipoint curve drawing tool, draw the price-consumption curve for orange juice in the upper diagram. label this curve 'price-consumption curve'. carefully follow the instructions above, and only draw the required object.

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Orange juice and apple juice are known to be perfect substitutes. draw the appropriate price-consump...
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