Question: pppppppppppp Suppose a consumer has a utility function UGLY) = 2X Hi. The consumer has $12 to spend (M = $12). Initially, the prices are
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Suppose a consumer has a utility function UGLY) = 2X Hi\". The consumer has $12 to spend (M = $12). Initially, the prices are PX = $3 and Py = $2. How much would a consumer be willing to pay to prevent the price of X from increasing to Px = $5? Please only enter the number for your answer. Do not use a "$" sign or any other characters. Round your answer to two decimal places
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