When prices are (pl , pz) = (2,l) a consumer demands (xl2,2 ) = (1,2), and when
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When prices are (pl , pz) = (2,l) a consumer demands (xl2,2 ) = (1,2), and when prices are (ql, q2) = (1,2) the consumer demands (yl, y2) = (2,l).
Is this behavior consistent with the model of niaxiniizing behavior?
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Related Book For
Intermediate Microeconomics A Modern Approach
ISBN: 9780393927023
7th Edition
Authors: Hal R. Varian
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