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microbook_3e-page80 - Demand Curves for Mets Tickets and...

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Demand Curves for Mets’ Tickets and Cyclones’ Tickets For the scenario above where my purchases of Mets’ tickets and Cyclones’ tickets are affected by a combined income and substitution effect: 5. Draw the initial budget constraint and indifference curve. Place Mets’ tickets on the vertical axis and Cyclones’ tickets on the horizontal axis. 6. Draw the substitution effect. Be sure to LABEL that substitution effect. 7.
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