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 $4 and the price of Y rose to $7, how much would Murphy's income have to rise so that he could still afford his original bundle?
A) $750
B) $500
C) $350
D) $250
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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