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Two good are said to be perfect substitutes if the consumer is willing to substitute one good for another at a constant rate. The indifference curves for perfect are parallel lines
Dana05 answered the question on August 15, 2019 at 13:59
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C = 400+ 0.75T
I = 200 - 100r
T = 70 + 0.2Y
G = 100
Money supply = 4000
Money demand...(Solved)
The following equation describe a certain economy
C = 400+ 0.75T
I = 200 - 100r
T = 70 + 0.2Y
G = 100
Money supply = 4000
Money demand = 0.2Y – 10r
Find the values of Y, C, T, M and I
Date posted: August 14, 2019. Answers (1)
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