content area Part 1 Suppose that there are only two goods produced in an economy: haircuts and banking services. Now suppose that banking services in year 2 are not the same as banking services in year 1.Year 2 banking services include telebanking, which year 1 banking services did not include. The technology for telebanking was available in year 1, but the price of banking services with telebanking in year 1 was $17, and no one chose to purchase this package. However, in year 2, the price of banking services with telebanking was $16, and everyone chose to have this package (i.e., in year 2 no one chose to have the year 1 banking services package without telebanking)