7. In consumer equilibrium, a person buys four cups of coffee at $2 per cup and two...

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7. In consumer equilibrium, a person buys four cups of coffee at $2 per cup and two muffi ns at $2 per muffi n each day. If the price of a cup of coffee rises to $3, what would you expect to happen to the amount of coffee and muffi ns this person consumes?

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Principles Of Microeconomics

ISBN: 9780393935769

1st Edition

Authors: Dirk Mateer, Lee Coppock

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