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Questions 1 & 2 Individual A Perfect 1:1 substitutes x-axis: one particular good – p 1 = 0.8 y-axis: all other goods – money, given that p 2 = 1 M = 120.

Questions 1 & 2 Individual A Perfect 1:1 substitutes x-axis: one particular good – p 1 = 0.8...

Category: Documents
Released: March 31, 2015