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

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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