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Suppose that the price of x is $5 and the consumer has income $50. If the consumer buys bundle (x = 4, y = 6),
Suppose that the price of x is $5 and the consumer has income $50. If the consumer buys bundle (x = 4, y = 6), what is the price of y?
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Managerial Economics and Business Strategy
Authors: Michael Baye, Jeff Prince
9th edition
9781259896422, 1259290611, 1259896420, 978-1259290619
