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Jennifer consumes only two goods: X and Y. Her utility function is characterized by: U = X0.25Y. She had $300 in income and prices of
Jennifer consumes only two goods: X and Y. Her utility function is characterized by: U = X0.25Y. She had $300 in income and prices of X and Y are both $10. Holding Jennifer's income I and Py constant at $300 and $10 respectively, what would be her demand curve for X? O X = 120/ Px O The correct answer is not listed. O X = 60/PX O X=60+(1/Px) O X = 120/(5+ Px) O X = 80/Px O X = 80/(4Px) O X = 80/(2 + Px)
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