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Answer to Question #109192 in Microeconomics for negina
Question #109192
5. tru or flase:The elasticity of substitution, states how the composition of bundle Z: (b, c), defined as a ratio c/b on any curve changes with the MRS.
Expert's answer
Its true that the elasticity of substitution, states how the composition of bundle Z: (b, c), defined as a ratio c/b on any curve changes with the MRS.
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