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The pric… Show more Suppose a consumer’s preferences are

The pric… Show more Suppose a consumer’s preferences are represented by the utility function U = MIN(X,2Y). The price of Y is PY = 2, and the consumer has income, M = 48. Graph the consumer’s Price consumption curve for prices, PX = 1, PX = 2, and PX = 3. Be sure to label your graph carefully and accurately • Show less


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