3. Larry demands strawberries according to the schedule P 4 (Q/2), where P is the...
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3. Larry demands strawberries according to the schedule P 4 (Q/2), where P is the price of strawberries ($/pint) and Q is the quantity (pint/wk). Assuming that the income effect is negligible, how much will he be hurt if the price of strawberries goes from
$1/pint to $2/pint?
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