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Question 4 (20 points) Suppose a consumer's utility function is u = x, x2' Suppose x1 is an inferior good, and its price decreased from

Question 4 (20 points) Suppose a consumer's utility function is u = x, x2' Suppose x1 is an inferior good, and its price decreased from p to p , where P10 > Pli What is the predicted effect of the price decrease on the quantity demanded of good X1

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