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Given whereas P1, P2, P3 are prices and y is consumer income at a specific time. P1=50, P2=70 P3= 60 and Y= 15000 (b) Determine
Given whereas P1, P2, P3 are prices and y is consumer income at a specific time. P1=50, P2=70 P3= 60 and Y= 15000 (b) Determine the effect on Q1 of a 10 percent price increase for each of the other goods individually. (c) Comprehensively comments on your results
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