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b) Suppose that a consumer has a demand function for good x of the frrm. X= 3/ 2P. Let his original income be Ksh.1000 per
b) Suppose that a consumer has a demand function for good x of the frrm. X= 3/ 2P. Let his original income be Ksh.1000 per day and let the price of good X be Ksh.5per unit. Suppose the price of good X falls to Ksh.2 per unit. Calculate the total change in demand, income effect and substitution effect
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