New Click here to Enroll in NaBFID Analyst Intro Class on May 6

    Question

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    A Only good x Correct Answer Incorrect Answer
    B Only good y Correct Answer Incorrect Answer
    C Both the good x,y Correct Answer Incorrect Answer
    D Cannot say Correct Answer Incorrect Answer

    Solution

    Here at optimal, we consume both in an ideal world, but if income is so less that we can’t even purchase amount of X at the equilibrium, in this case we are spending all our income to good X. Hence can’t say.

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