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Describe the shape taken by the indifference curve of imperfect substitutes

      

Describe the shape taken by the indifference curve of imperfect substitutes

  

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Dana
If the rate at which one good is substituted for another is not constant but diminishing then the two goods are imperfect substitutes. The indifference curves are strictly rounded that is the indifference curves are convex

Dana05 answered the question on August 15, 2019 at 14:02


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