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Assume that the price of x1 has changed from P1 to P1'. What is the income that would allow the consumer to buy the original
Assume that the price of x1 has changed from P1 to P1'. What is the income that would allow the consumer to buy the original bundle x1A and x2A at the new price P1'=88? (hint: this question is asking you obtain I' in the notes)
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Foundations of Business
Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor
6th edition
1337386928, 9781337670975 , 978-1337386920
