Multiple Choice
Murphy used to consume 100 units of X and 50 units of Y when the price of X was $2 and the price of Y was $4.If the price of X rose to $5 and the price of Y rose to $5, how much would Murphy's income have to rise so that he could still afford his original bundle?
A) $400
B) $350
C) $200
D) $600
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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