Te consumer has 8 to spend m 8 the price of good y is py
Supose a consumer's utility function is U(X,Y) = X + 2Y. The consumer has $8 to spend (M = $8). The price of good Y is PY = $2. Fill in the table below which gives price/quantity combinations on the Demand Curve for Good X:
Px= 1/4
Px=1/2
Px= 2
Px=4
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