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Advanced Placement (AP), 22.12.2019 02:31 lesliezavalaa16
When prices are (p1, p2) = (1, 2), a consumer demands (x1, x2) = (1, 2). when prices are (2,1), the consumer demands (2,1). is this behavior consistent with the model of maximizing behavior?
can someone explain this further?
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When prices are (p1, p2) = (1, 2), a consumer demands (x1, x2) = (1, 2). when prices are (2,1), the...
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