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A consumer has the utility function U(q1,q2) = q10.1 + q2 Assume p2 = 1 and Y = 100. What is the equivalent variation of a price increase for good 1 from 1 to 3?
asked
Mar 11, 2024
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A consumer has the utility function
U(q1,q2) = q10.1 +
q2
Assume p2 = 1 and Y = 100. What is the equivalent
variation of a price increase for good 1 from 1 to 3?
Business
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Revell
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Answer:
d
Step-by-step explanation:
d
Ahmed Raza
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Mar 16, 2024
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Ahmed Raza
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