Assume an individual's utility from consuming good #1 and good #2 is given by the following function: U (q1 , q2) = min (q1 , 2q2) Suppose the price of good #1 is $1 (p1=1) and the individual's income is $10 (y=10). If this individual's utility maximizing decision is to purchase 2 units of good #2 (q2=2), what must be the price of good #2?

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