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You received a letter from a friend who is also studying economics.

She complains to you that she does not understand why an indifference curve for two goods (A and B) must be downsloping. By telling her the definition of indifference curve, explain in length why indifference curves must slope downward.

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You received a letter from a friend who is also studying economics. She complains to you that she does not understand why an indifference curve for...
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