can someone help me with this problem A consumer with income m consumes x 1 and x 2 Basically, the price on x 1 Is the same p 1 0 and the consumer adapts in point a (see attached figure) Then the price of x 1 changes to p 1 1 and the consumer must adapt again in point b Explain what the figure shows and describe the effects of the price change on consumer adjustment

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Question: can someone help me with this problem? A consumer with income m consumes x 1 and x 2 . Basically, the price on x 1

can someone help me with this problem?

A consumer with income m consumes x₁ and x₂. Basically, the price on x₁

Is the same p₁⁰and the consumer adapts in point a (see attached figure). Then the price of x₁ changestop₁¹and the consumer must adapt again in point b. Explain what the figure shows and describethe effects of the price change on consumer adjustment.

can someone help me with this problem? A consumer with income m

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