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Unformatted text preview: 12 13 14 15 Y X Suppose that she currently has 2 units of good x , and 8 units of good y . If I offer to sell her more of good x at the price of 1 unit of good y per unit of x , how many will she buy? How many will she buy if the price is 2 units of y 2 6. Consider a consumer with the following preferences: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Y X What is her willingness to pay for more X when she has 7 units of Y and 3 units of X? 3...
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This note was uploaded on 03/01/2011 for the course ECO 302 taught by Professor Waspi during the Spring '10 term at Ill. Chicago.
 Spring '10
 waspi
 Supply And Demand

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