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Engel Curves
-Engel curves relate quantity of good consumed to income.
-If good is a normal good, Engel curve is sloping upward.
-If good is an inferior good, the Engel curve is sloping downward.
have to do a group project on consumer equlibrium. plz help on wat sub topics to select (i am in college 1st year)
I don''t really understand how scitovsky contour is formed.
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