The prices are (pl, p2) = (2,3), and the consumer is currently consuming (xl,2 2) = (4,4).
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The prices are (pl, p2) = (2,3), and the consumer is currently consuming
(xl,2 2) = (4,4). Now the prices change to (ql,9 2) = (2,4). Could the consumer be better off under these new prices?
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Related Book For 
Intermediate Microeconomics A Modern Approach
ISBN: 9780393927023
7th Edition
Authors: Hal R. Varian
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