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Suppose the utility function of consumer A is U(x,y)= (xy)^2. the price of good X is P, whereas the price of good Y is 1.

Suppose the utility function of consumer A is U(x,y)= (xy)^2.

the price of good X is P, whereas the price of good Y is 1. the income of consumer A is M.

d) what happens to the consumer expenditure if P slightly increases?

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