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Exhibit 21-7 -Refer to Exhibit 21-7.The Price of X Is $40 and X

Question 6

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Exhibit 21-7
Exhibit 21-7 -Refer to Exhibit 21-7.The price of X is $40 and the price of Y is $80.Assuming that the consumer allocates all of his income to good X,how many units of X will he purchase? (Request: Do not ask the instructor to which graph the question is referring.) A) 40 B) 50 C) 80 D) 90 E) 120
-Refer to Exhibit 21-7.The price of X is $40 and the price of Y is $80.Assuming that the consumer allocates all of his income to good X,how many units of X will he purchase? (Request: Do not ask the instructor to which graph the question is referring.)


A) 40
B) 50
C) 80
D) 90
E) 120

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