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1) Suppose the consumer begins in equilibrium at eo. If income and prices are unchanged, but consumers develop a stronger preference for good X, show

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1) Suppose the consumer begins in equilibrium at eo. If income and prices are unchanged, but consumers develop a stronger preference for good X, show the new point of consumer equilibrium and illustrate the effect on the demand curve for X on the diagrams below. (5 marks) Yo Co Uo X Xo Pxl Pxo DX Xo QX

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