question archive Assume the consumption of just two goods, X and Y
Assume the consumption of just two goods, X and Y
Subject:MarketingPrice:2.88 Bought3
Assume the consumption of just two goods, X and Y. Also, assume the consumer is in equilibrium. What do you think would happen to consumer equilibrium given each of the following changes?
A. income rises
B. price of both X and Y double
C. consumer now prefers more X and less Y
Option 1
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