=+7. The price of DVDs (D) is $20 and the price of CDs (C) is $10. Philip
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=+7. The price of DVDs (D) is $20 and the price of CDs (C)
is $10. Philip has a budget of $100 to spend on the two goods. Suppose that he has already bought one DVD and one CD. In addition, there are 3 more DVDs and 5 more CDs that he would really like to buy.
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Related Book For
Microeconomics
ISBN: 9781292081977
8th Global Edition
Authors: Robert S. Pindyck, Daniel L. Rubinfeld
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