Suppose $U = \min ( X , Y )$ And the Price of X Is 1,the Price of Y

question 8

Multiple Choice

Suppose $U = \min ( X , Y )$ and the price of X is 1,the price of Y is 1 and income is $12.If the price of X increases to 2,the income effect (in terms of units of X bought) is

• A)2
• B)-1
• C)0
• D)-2

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