Business, 24.10.2019 05:00 kristinaholahan

Suppose that the mu/p ratio for good x is the same as for good y: 12 utils per dollar. if the price of good x then rises to $2 from $1, a consumer who seeks to maintain consumer equilibrium will buy more of good until the marginal utility of that good falls to utils.

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Suppose that the mu/p ratio for good x is the same as for good y: 12 utils per dollar. if the price...

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