The price of cheese rises from $6 to $10 a kilogram and the price of wine remains
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The price of cheese rises from $6 to $10 a kilogram and the price of wine remains $3 a glass. For a consumer with a constant income of $3000, show what happens to consumption of wine and cheese. Divide the change into income and substitution effects.
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![Principles Of Microeconomics [Australia And New Zealand Edition]](https://dsd5zvtm8ll6.cloudfront.net/si.question.images/book_images/672464107669a_18135.jpg)
Principles Of Microeconomics [Australia And New Zealand Edition]
ISBN: 9781337408066
6th Edition
Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw
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