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Is there a logical link between the law of demand and the assumption that individuals seek to maximize utility? Hint Think of how the condition for consumer equilibrium can be used to express the

Is there a logical link between the law of demand and the assumption that individuals seek to maximize utility? (Hint: Think of how the condition for consumer equilibrium can be used to express the inverse relationship between price and quantity demanded.)

Mar 30 2020 View more View Less

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