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pip consumes two goods x and y and its utility function is 50ln x + y let p denote the relative price of x (i.e.

pip consumes two goods x and y and its utility function is

50ln x + y

let p denote the relative price of x (i.e. set price of y to 1). Pip has an income 100.Suppose p increases from 5 to 25 by how much does Pip's consumption of y changes because of this rise in p.

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