Indifference and demand curves

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  Therefore, any price above the intersection of the demand curves represents a situation in which there will be excess supply. How MRS changes on indifference curves; utility; supply and demand; and market equilibrium are discussed.

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  When Fran's indifference curves are drawn with CDs on the horizontal axis, this means that, along one of her indifference curves, as she increases her consumption of CDs, the indifference curve A. becomes flatter.

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  sometimes called price-indifference curves.