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N7 Pepsi, Cans per week 34 5 6 7 8 9 10 11 12 13 14 15 Coke, Cans per week Type your answers in
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Pepsi, Cans per week 34 5 6 7 8 9 10 11 12 13 14 15 Coke, Cans per week Type your answers in all of the blanks and submit X, X' The image shows a series of indifference curves in red, the original budget line in blue, and the original optimal bundle at point e1. Then, assume that the price of a can of Coke increases such that it becomes twice that of a can of Pepsi. Discuss the substitution, income and total effects of a price change for Coke for Mahdu, who views Coke and Pepsi as perfect substitutes. Enter your responses as whole numbers and include a minus sign if necessary. (a.) The size of the substitution effect is Type your answer here cans of CokeStep by Step Solution
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