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A consumer's preferences are given by the following Leontief utility function: u(x, y) = min[9x, y] Assume initially Px = 2, Py = 1, and

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A consumer's preferences are given by the following Leontief utility function: u(x, y) = min[9x, y] Assume initially Px = 2, Py = 1, and | = 22. (c.) Suppose the price of x rises to Pnew = 4. What is x at the new price and original level of utility? (i.e. the Hicksian/compensated demand) X B 1.69 X You are incorrect

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