Fill in the Blanks Type your answers in all of the blanks and submit X₂ Xº Ω· Assume you consume goods P and Q and your preferences are to consume the goods in a ratio of 3:2. 3 units of P for every 2 units of Q. Your income is $280 and initially the price of P is $20 and the price of Q is $12. Over time the price of P falls to $10 while the price of Q remains constant. Before the price change you will consume the price change you will consume 10 You are incorrect 7.4 You are incorrect X units of P. X units of P and after
Fill in the Blanks Type your answers in all of the blanks and submit X₂ Xº Ω· Assume you consume goods P and Q and your preferences are to consume the goods in a ratio of 3:2. 3 units of P for every 2 units of Q. Your income is $280 and initially the price of P is $20 and the price of Q is $12. Over time the price of P falls to $10 while the price of Q remains constant. Before the price change you will consume the price change you will consume 10 You are incorrect 7.4 You are incorrect X units of P. X units of P and after
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 25SQ
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