Question
For which preferences the income offer curve
and the price offer curve are equal?Solution
Income offer curve is a line that depicts the optimal choice of two goods at different levels of income at constant prices.
Price offer curve is a line that depicts the optimal choice of two goods as price of 1 good change holding the price of other good and income fixed.
For perfect complements preferences, the two curves are the same.
By which other name is the festival Gudi Padwa known in Karnataka. Telangana and Andhra Pradesh?
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...Lalit Kala Akademi, the National Academy of Art was setup in:
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