[Solution Library] A consumer is in equilibrium at point A in the accompanying figure. The price good X is $5. What is the price of good Y? What is the
Question: A consumer is in equilibrium at point A in the accompanying figure. The price good X is $5.
- What is the price of good Y?
- What is the consumer's income?
- At point A, how many units of good X does the consumer purchase?
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Solution: A consumer must spend all of her income on two goods
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