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Quantity combination - PowerPoint PPT Presentation

If the supply curve shifts and the demand curve does not shift,

If the supply curve shifts and the demand curve does not shift,. The old and new price-quantity combinations lie on the original demand curve. The old and new price-quantity combinations lie on the new supply curve. The old and new price-quantity combinations lie on the old supply curve.

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536 views • 21 slides

Marginal Utility and Indifference Curves

8. APPENDIX. APPENDIX. Marginal Utility and Indifference Curves. After studying this chapter you will be able to. Explain the connection between utility and indifference curves Explain why maximizing utility is the same as choosing the best affordable point Explain why utility exists.

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330 views • 12 slides

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Quantity combination - PowerPoint PPT Presentation

If the supply curve shifts and the demand curve does not shift,

Marginal Utility and Indifference Curves