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  3. Study Set
    Principles of Economics Study Set 12
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    Exam 5: The Demand Curve and the Behavior of Consumers
  5. Question
    Exhibit 5A-3 -Refer to Exhibit 5A-3. Calculate the Income of the Consumer
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Exhibit 5A-3 -Refer to Exhibit 5A-3. Calculate the Income of the Consumer

Question 103

Question 103

Essay

Exhibit 5A-3 Exhibit 5A-3   -Refer to Exhibit 5A-3. Calculate the income of the consumer with this budget line if the price of good Y is $3 and the price of good X is $5.
-Refer to Exhibit 5A-3. Calculate the income of the consumer with this budget line if the price of good Y is $3 and the price of good X is $5.

Correct Answer:

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$153
To buy 26 units of Y and ...

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