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need help with exercise 2 and can i have feedback on exercise 1
Exercisel: A consumer must spend all of her income on two goods (X and Y) 1. Suppose the market rate of substitution is 3/4 a
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Solution Maurket date of substitution = price ratio of . two goods PY PX = 6; Py=8 NOW Px = 12, then new market rate of Substsubstitution is inde 2 market rate of -pendent of income. = Px/PY - 314.

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