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Your income is $600 and the price of Y is $ 20 and the price of X is $ 20. Carefully illustrate the substitution and

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Your income is $600 and the price of Y is $ 20 and the price of X is $ 20. Carefully illustrate the substitution and income effect for both product Y and product X when the price of Y is increased to $ 40.

image text in transcribedimage text in transcribed
Y 28 55 65 26 24 30 22 20 18 40 16 14 12 10 4 2 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30Qty Y

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