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when the price of x is 3 and the price of y is 3 and in
Many important economic theories develop as a result of
September 15, 20201. After several years of drought farmers in central Illinois spend $50 million
September 15, 2020when the price of x is 3 and the price of y is 3 and individual consumes a bundles o x=4y=4. When the price of x has become 1 and the price of y is 5 the individual chooses a bundle of x=3 y=5. Therefore the consumer prefers(35) over (44). True or false explain
A consumer initially spends 60%of income on his food. The price of food rises by 20%. At the same time the individual is compensated by income increased of 12%. There for individual must be worse off. True or false explain. when the price of x is 3 and the price of y is 3 and individual consumes a bundles o x=4y=4. When the price of x has become 1 and the price of y is 5 the individual chooses a bundle of x=3 y=5. Therefore the consumer prefers(35) over (44). True or false explain
A consumer initially spends 60%of income on his food. The price of food rises by 20%. At the same time the individual is compensated by income increased of 12%. There for individual must be worse off. True or false explain.
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