Murphy was consuming 100 units of X and 50 units of Y. The price of X rose

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Murphy was consuming 100 units of X and 50 units of Y. The price of X rose from 2 to 3. The price of Y remained at 4.  

How much would Murphy’s income have to rise so that he can still exactly afford 100 units of X and 50 units of Y?


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Intermediate Microeconomics

ISBN: 978-0393934243

8th edition

Authors: Hal R. Varian

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