Ayushi Asked a Question
September 9, 2020 11:18 ampts 30 pts
In Edgeworth box diagram, the curve showing the equilibrium of two consumers is known as: 1. Income- consumption curve 2. Ridge lines 3. Expansion path 4. Contract curve
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  • Nidhi taparia Best Answer
    The correct is (4) contract curve. It is the only curve among these that is formed in an Edgeworth Box Diagram. Income consumption curve is formed in case of a single consumer. Ri...
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