Multiple Choice
Suppose that there are two goods, X and Y. The utility function is U = XY + 2Y. The price of X is $5, and the price of Y is P. Income is $60. The demand for Y as a function of P is X = ____.
A) 350/P
B) 35/P
C) 20/P
D) 2P
Correct Answer:
Verified
Correct Answer:
Verified
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