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Suppose there are three goods, Good X, Good Y, and Good Z. Use the following notation: X: Quantity of Good X Y: Quantity of Good
Suppose there are three goods, Good X, Good Y, and Good Z. Use the following notation:
X: Quantity of Good X
Y: Quantity of Good Y
Z: Quantity of Good Z
PX: Price of Good X
PY: Price of Good Y
PZ: Price of Good Z
Suppose you have three separate observations made by a consumer. The observations are given in the following table:
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