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Y 500 Budget line I 300 A 200 Budget line II X 100 в с The consumer's initial budget line is I with income equal to $3000. The budget line then shifts from I to II because of a change in the prices of goods X and Y but no change in income. while the price of good X along budget line I The price of good Y along budget line I is $_ is $

Y 500 Budget line I 300 A 200 Budget line II X 100 в с The consumer's initial budget line is I with income equal to $3000. The budget line then shifts from I to II because of a change in the prices of goods X and Y but no change in income. while the price of good X along budget line I The price of good Y along budget line I is $_ is $

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Y 500 Budget line I 300 200 Budget line II > x 100 в с The consumer's initial budget line is I with income equal to $3000. The budget line then shifts from I to II because of a change in the prices of goods X and Y but no change in income. The price of good Y along budget line I is $ is $ while the price of good X along budget line I
Transcribed Image Text:Y 500 Budget line I 300 200 Budget line II > x 100 в с The consumer's initial budget line is I with income equal to $3000. The budget line then shifts from I to II because of a change in the prices of goods X and Y but no change in income. The price of good Y along budget line I is $ is $ while the price of good X along budget line I
10; 10 6; 12 3; 9 6; 18 Insufficient information
Transcribed Image Text:10; 10 6; 12 3; 9 6; 18 Insufficient information
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