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Consider a consumer who is able to buy two goods, x and y. Let m denote the consumer's income and py denote the price of
Consider a consumer who is able to buy two goods, x and y. Let m denote the consumer's income and py denote the price of good y. The consumer faces a decrease in the price of good x. Let p0 x and p1 x denote the old and new prices, respectively, where p1 x < p0 x
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