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. You were spending all your money by consuming 100 units of good 1 and 50 units of good 2. The price of good 1

. You were spending all your money by consuming 100 units of good 1 and 50 units

of good 2. The price of good 1 was 2, and that of good 2 was 4. Now imagine

that the price of good 1 rises from 2 to 3, but the price of good 2 stays constant at

4. How much would your income have to rise so that you can still exactly a afford

the same consumption bundle?

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