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Consider a 2 commodity world, where an individuals money income is determined by the value of his endowment. Suppose this individual's a seller of good
Consider a 2 commodity world, where an individuals money income is determined by the value of his endowment. Suppose this individual's a seller of good 1. Let there now be a decrease in price of good 1. analyse the implication of this if the individual remains a seller of good 1 even after the price changes
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