A Consumer Has the Utility Function U(x, Y)= X

question 5

True/False

A consumer has the utility function U(x, y)= x + 2y^1/2.The price of good x is 2 and the price of good y is 1.The consumer's income is 20.If the price of good y rises to 2, then entire change in demand for y is due to the substitution effect.

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