A consumer consumes only two goods. If price of one of the good falls the indifference curve become
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There is no impact of prices rather falls or rises on Indifference Curve .......
because........
IC form on the basis of consumer Preferences and price can't impact to this .....prices make affected only budget line. ...... because it is the ratio of price...but IC is willingness ratio....
because........
IC form on the basis of consumer Preferences and price can't impact to this .....prices make affected only budget line. ...... because it is the ratio of price...but IC is willingness ratio....
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