Answer the following questions regarding preferences: 4.1. Suppose you have two distinct bundles X and Y, and, for you, X is strictly better than Y. Explain briefly using a graph and words why the two indifference curves associated to two bundles X and Y — I(X) and I(Y) cannot cross each other. 4.2. Explain using a graph and words why if the assumption of monotonic preferences (aka “more- is better”) implies that indifference curves are not thick and they must be downward sloped. 4.3. Provide three examples of goods that are typically regarded as perfect substitutes. Explain briefly. 4.4. Provide three examples of goods that are typically regarded as perfect complements. Explain briefly.

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