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A consumer is known to consume the bundle (A, B, 12, 8) when the price vector is (3, C, 2, 4). Suppose the price C
A consumer is known to consume the bundle (A, B, 12, 8) when the price vector is (3, C, 2, 4). Suppose the price C of the second commodity decreases to C 1. What is the income compensation under Slutsky compensation?
A = 9 B = 9 C= 5
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