Question: Douglas Cornfield's demand function for good x is x(px, py, m) = 2m/5px. His income is $1,000, px=5, and py=20. b) If his income were

Douglas Cornfield's demand function for good x is x(px, py, m) = 2m/5px. His income is $1,000, px=5, and py=20.

b) If his income were to change at the same time so that he could exactly afford his old commodity bundle at px=4, and py=20, what would his new income be? What would be his demand for x at this new level of income, at prices px=4, and py=20?

i need to know the steps to find the new level of income !

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