by spending his entire income only on two goods Y and X aconsumer finds that :-
MUX by PX > MUY by PY
explain how the consumer will react.
Hi Anupriya,
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A similar question has already been answered by our expert. Follow the given link to view the same.
https://www.meritnation.com/ask-answer/question/a-consumer-consumes-only-two-goods-x-and-y-and-is-in-equilib/theory-of-consumer-behaviour/2940170
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