During his first year at school ximin buys eight new, Ask an Expert

Economics

during his first year at school, ximin buys eight new college textbooks at a cost of $50 each. Used books cost $30 each. When the bookstore announces a 20% price increase in new texts and a 10% increase in used texts for the next year, Ximing's father offers him $80 extra. Is ximing better off, the same, or worse off after the price change? why?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9284269

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