![[Part B: Short Answers-Show your work to receive full credit. 5 pts.] 1. If there are 20 goods in an economy, then we have fi](http://img.homeworklib.com/questions/638e2a00-7a1a-11ea-928d-916d45da2625.png?x-oss-process=image/resize,w_560)
Homework Answers
Solution: 190
Working: In barter economy, the number of prices in an economy with N goods = [N(N-1] / 2
Here N = 20
Thus putting value in the formula, we get: [20(20-1)] / 2 = 190
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