Questions 6 (Demand) When the price of x1 is $8 and the price of x 2 is $5, Jenny consumes 20 units of x 1 and 10 units of x 2 Suppose that when the price of x 2 increases to $7, Jenny consumes 25 units of x 1 What type of goods are x 1 and x 2 How many units of x 2 does Jenny consume after its price increases Hint Calculate her income with the first allocation of goods

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Questions 6 (Demand). When the price of x1 is $8 and the price of x 2 is $5, Jenny consumes 20 units of x 1

Questions 6 (Demand). When the price of x1 is $8 and the price of x₂ is $5, Jenny consumes 20 units of x₁ and 10 units of x₂. Suppose that when the price of x₂ increases to $7, Jenny consumes 25 units of x₁.

What type of goods are x₁ and x₂?

How many units of x₂ does Jenny consume after its price increases? Hint: Calculate her income with the first allocation of goods.

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